Kirin gets controlling stake in top Myanmar brewery

A customer picking up a can of Kirin beer at a liquor shop in Tokyo, Japan. Photo: Kimimasa Mayama/EPA

Japan’s Kirin Holdings has taken a controlling stake in Myanmar’s biggest brewer after buying out top shareholder Fraser and Neave (F&N) as it continues to expand abroad amid a challenging domestic market Franchise Herald reported on 20 August.

Reuters reported that Kirin paid $560 million dollars for Fraser and Neave’s 55 percent stake in Myanmar Brewery, which is backed by the government.  Citing data from research firm Euromonitor, the wire agency said Myanmar Brewery has an 80 percent share of the local market, which is projected to grow to $675 million in three years from $375 million this year.

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