Kirin Holdings will purchase all outstanding shares of Brazil’s Aleadri-Schinni Participacoes e Representacoes for nearly $2.56 billion, The Wall Street Journal reports. The acquisition will help the Tokyo-based company to build base in the Brazilian market.

The Japanese brewer will finance the deal through cash on hands and loans. Citigroup served as adviser to Kirin Holdings for the deal.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.