F&N, MEHL differ over fair value for Myanmar Brewery

SINGAPORE – A lengthy dispute between the two stakeholders in Myanmar Brewery (MBL) is set to go on even longer with the parties in conflict over the amount to be paid for Fraser & Neave (F&N)’s stake in the firm. An independent valuer had said on Tuesday that the fair value of F&N’s holding is […]

Myanmar Army Conglomerate Says It Has Won Beer Spat With Singapore’s F&N

SINGAPORE — A military-linked Burmese conglomerate said it has won an arbitration case against Singapore’s Fraser and Neave Ltd (F&N) that will give it the right to buy the latter’s stake in Myanmar’s biggest brewery. Union of Myanma Economic Holdings Limited (UMEHL) said in a statement on Friday that a panel of two unnamed Singapore […]

Singapore’s Fraser & Neave Says in Beer Spat With Myanmar Partner

Singapore property and drinks conglomerate Fraser and Neave said on Thursday its joint venture partner, which is run by Burma’s military, plans to start arbitration proceedings over the company’s stake in Myanmar Brewery. The brewery represents only a small part of F&N’s business but losing its stake would mean being shut out of one of […]