Multinational Dutch brewer Heineken has agreed to acquire Brasil Kirin, one of the largest beer and soft drinks producers in Brazil, in a €665 million ($702 million) deal. As a result of the acquisition, Heineken said it would extend its footprint in Brazil, increasing its brand portfolio and becoming the second largest beer company in the country. Commenting on the deal, Heineken chairman and CEO Jean-Francois Van Boxmeer said: “This transaction …