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Home  >>   Daily News  >>   Myanmar  >>Food&Beverage  >> Kirin Holdings to buy F&N’s stake in Myanmar Brewery
NEW UPDATES Asean Affairs  21 August 2015  




Kirin Holdings to buy F&N’s stake in Myanmar Brewery

Japan's Kirin Holdings is set to buy Fraser and Neave's (F&N) 55 percent stake in Myanmar's biggest brewer, Myanmar Brewery Ltd, for $560 million, Reuters reported on 19 August, quoting a source familiar with the deal.

An announcement on the deal could come as early as Wednesday, said the source, who declined to be identified due to the sensitivity of the matter.

Earlier this month, Singapore's F&N agreed to sell its 55 percent stake in Myanmar Brewery to government-backed Myanmar Economic Holdings Ltd (MEHL) for $560 million, bringing an end to a lengthy dispute. The source said Kirin was coming in as MEHL's nominee and is looking to buy the stake at the agreed price of $560 million.

Kirin declined to comment and F&N had no immediate comment. Myanmar Brewery and MEHL could not be immediately reached for comment.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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