Japan's Kirin invests $25M in craft beer brand Bira 91


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Japan's Kirin Holdings is set to invest an additional $25 million in B9 Beverages, the company behind craft beer Bira 91 and pub chain Beer Cafe. This investment will be made through purchasing new shares, raising Kirin's stake in B9 Beverages beyond its current 20%. Another American investor is also close to investing $25 million for an additional stake, bringing the total fresh investments to $50 million at a pre-money valuation of $600 million.