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 […]
Singapore’s Fraser & Neave Says in Beer Spat With Myanmar Partner
September 1, 2013 by
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 […]
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