TPG divests 50% stake in Myanmar Distillery Company to Thai Beverage

TPG divests 50% stake in Myanmar Distillery Company to Thai Beverage

Photo by henry fournier on Unsplash

U.S. headquartered private equity major TPG on Friday said that it had exited Myanmar’s largest spirits maker by selling its 50 per cent stake to Thai Beverage Public Company Limited. No financial terms were disclosed. Thai Beverage is among Asia’s leading spirits groups.

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