Japan's Kirin Holdings to acquire Australia's Blackmores for $1.27 bln (updated)
27/04/2023 24:36
(Adds more details)
TOKYO, April 27 (Reuters) - Japan's Kirin Holdings
2503.T said on Thursday that it plans to acquire a 100% stake
in Australia's natural health firm Blackmores Ltd BKL.AX for
about 169.2 billion yen ($1.27 billion).
Kirin plans to acquire the shares held by all shareholders
of Blackmores for cash.
Following the deal, if it goes through, Blackmores will be
delisted from the Australian Securities Exchange in early
August, the Japanese company said in a statement.
($1 = 133.5100 yen)
(Reporting by Mariko Katsumura; Editing by Himani Sarkar and
Jacqueline Wong)
((Mariko.Katsumura@thomsonreuters.com;))