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