Kirin said it will take a 51% in Myanmar’s Mandalay Brewery Ltd.
By Juliet Shwe Gaung
Thailand’s fintech startup T2P signs a for a partnership with Myanmar’s City Mart Holdings. Tourism start-ups in Mekong Region opened for two accelerator programs under MIST.
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… Read more »
Singapore’s Fraser and Neave (F&N) on Thursday said it would sell its majority 55 per cent stake in Myanmar Brewery Limited for $560 million, bringing to an end a long-drawn spat between the two joint venture partners. The deal value is based on the exchange rate between Myanmar kyat and… Read more »
SAB Miller, which is among the leading beer makers globally, may be drawn into a bidding war with Japan’s Kirin Holdings, and Thailand firms Singha Corporation and Thai Beverage Group, to buy a stake in Myanmar’s largest beer maker. A recent Reuters report had said that SABMiller was examining the possibility… Read more »