• Kyodo News

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Kirin Holdings Co. and Suntory Holdings Ltd. are arranging to merge around April 2011 and are expected to make an official announcement of the basic agreement in January, sources said Thursday.

An asset management company, which owns about 90 percent of Suntory shares and is operated by Suntory’s founding family members, is likely to be the top shareholder with more than 33 percent of shares in the new holding company the two firms plan to establish, the sources said.

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