Japan's Kirin offers US$1.4bil for rest of skin care brand Fancl

Japan's Kirin Holdings said on Friday it was offering 220.7 billion yen ($1.4 billion) to acquire the rest of skin care brand Fancl Corp as the beer maker continues to pivot toward the health and wellness businesses.

Kirin, which currently holds a 33% stake in Fancl, will offer 2,690 yen for each share it doesn't already own. Fancl said separately its board was in favour of the deal.