Heineken has reached an agreement to buy Brasil Kirin Holdings from Asahi for £565m.
The Dutch group said the move would make it the second biggest brewer in Brazil. Brasil Kirin had a 9% share of the Brazilian beer market in 2015. Its beers include Schin, Baden Baden and Eisenbahn.
Heineken and Kirin Holdings confirmed they were in talks last month.
Brasil Kirin also has a soft drinks business comprised of carbonated drinks, bottled water and other beverages.
