ThaiBev acquires Myanmar distilleries as TPG exits

Thai Beverage Public Co has acquired a combined 75% stake in two Myanmar distilleries in a deal worth $742 million, hoping to tap into growth in the country’s nascent spirits market. ThaiBev acquired the 75% stake in Myanmar Supply Chain and Services Go (MSCS) and Myanmar Distillery Co (MDC) from four third-party vendors, including Texas-based […]

Oishi looks to output base to meet rising demand in Vietnam; Myanmar also a priority country

OISHI Group Plc could build a beverage factory in Vietnam in two to three years to meet rising demand after launching marketing campaigns there as well as in Myanmar this year. Oishi Beverage has been selling abroad almost from its inception via local retailers. Last year it began marketing its own products in Laos and […]

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 […]

Myanmar ready to sweeten terms for foreign brewers

The Myanmar government is prepared to relax limits on foreign ownership of breweries on a case-by-case basis, as it seeks to improve the appeal of the country to foreign investors, says a senior beer industry executive. The Myanmar Investment Commission (MIC) offered four licences in January for international breweries to operate domestically. Under the Foreign […]