Japan's Kirin agrees to sell entire F&N stake to TCC Assets

TOKYO Fri Feb 1, 2013 1:55am EST

TOKYO Feb 1 (Reuters) - Japan's Kirin Holdings Co Ltd said on Friday that it would sell its entire holdings in Fraser and Neave Ltd (F&N) to TCC Assets Ltd as part of TCC's mandatory public offer to buy out the Singapore conglomerate.

Kirin, which has about a 15 percent stake in F&N, expects to receive a pretax profit of about 47 billion yen ($515 million) from the deal. ($1 = 91.2600 Japanese yen) (Reporting by James Topham; Editing by Chris Gallagher)

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