Kirin has acquired control of Myanmar’s biggest brewer

Kirin has acquired control of Myanmar’s biggest brewer, a company spokesman said Thursday, as the Japanese beverage giant moves to counter slowing growth at home by tapping Southeast Asian markets.

The firm’s Singapore unit purchased a 55% stake in Myanmar Brewery Ltd., which makes popular local brands and has an extensive nationwide sales network, from Fraser and Neave for $560 million.

Japan Today

HINTS
Kirin has acquired control

giant moves to counter slowing growth at home

The firm’s Singapore unit purchased a 55% stake

Myanmar Brewery Ltd., which makes popular local brands

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