Asahi Group Holdings Ltd. is close to an agreement to buy New Zealand's Independent Liquor for about 1.5 billion New Zealand dollars (¥95.79 billion), two sources said.
A deal could be announced as early as Thursday, according to the sources, who asked not to be identified because the discussions are private.
Asahi spokesman Takayuki Tanaka declined comment. A transaction of that size would be Asahi's biggest ever.