Japan's Kirin Holdings (2503.T) has bought Fraser and Neave's (F&N) (FRNM.SI) 55 percent stake in Myanmar's biggest brewer for $560 million, paving the way for it to dominate one of Asia's most promising beer markets.
Kirin, like many Japanese companies, is looking to offset weak sales in a shrinking domestic market by expanding overseas. The Myanmar deal will pair Japan's second-biggest drinks maker with state-backed Myanmar Brewery, which makes Myanmar Beer, Myanmar Double Strong and Andaman Gold brands.
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