Kirin Holdings buys majority stake in Myanmar Brewery Limited

  • Tuesday, 01 September 2015 10:17
  • Published in Business News
  • Read 1151 times

Japanese beverage producer Kirin Holdings has bought a controlling stake in Myanmar Brewery Limited for US$ 560 million from Fraser and Neave.

The deal will see Kirin take control of a 55 per cent stake in Myanmar Brewery Ltd while 45 per cent will be held by Myanmar Economic Holdings.

Myanmar Brewery Ltd is the largest beer maker in the country, accounting for 80 per cent share in the local beer market and sales of US$ 201 million. 

Kirin, who joins other international brands such as Heineken and Carlsberg in the emerging market, said that Myanmar is an exciting market with considerable prospects. High growth rate is expected due to democratisation, ongoing reforms and lift of economic sanctions.

The investment is also in line with Kirin's long-term business framework. The company is looking to expand its global reach and is developing integrated beverages business under its global management system focused on Oceania, Brazil and Southeast Asia.

  • Last modified on Wednesday, 02 September 2015 11:03
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