Japan's Kirin buys F&N's Myanmar Brewery stake for $560m

Visual from the website of Myanmar Brewery Ltd, the largest beer maker (August 2015)

Japan’s Kirin Holdings Co. has bought a controlling stake in Myanmar Brewery Ltd., the largest beer maker in the Southeast Asian nation, for $560 million, the company announced. The deal was routed through its Singapore subsidiary – Kirin Holdings Singapore Pte. Ltd. –  a wholly owned unit handling the group’s South East Asia operations, which will hold a 55% stake in in Myanmar Brewery, while the remaining shares will be held by military-run Myanmar Economic Holdings Ltd.

The deal will also see Kirin buy controlling stake that had been held by Singapore-listed Fraser and Neave’s (F&N) stake in the beer giant, which controls over 80 percent of the Myanmar’s beer market and known for its beer brands such as Myanmar Beer and Andaman Gold.

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