Straits Law Practice LLC acted for Myanma Economic Holdings (MEHL) in a sale of a 55% stake in Myanmar Brewery Limited previously held by Fraser & Neave, to Japan’s Kirin Holdings Co.
The sale was the result of a long-drawn arbitration between the MEHL’s previous joint venture partner Fraser & Neave.
The arbitral tribunal released its decision on 31 October 2014, affirming MEHL’s right under the JVA to require F&N to sell its 55% stake in MBL to MEHL or its nominee.
Japanese integrated Beverages Company Kirin was MEHL’s nominee and acquired F&N’s shares in the lucrative Myanmar Brewery Limited for US$560 million through its Singapore subsidiary, Kirin Holdings Singapore Pte Ltd.
Myanmar Brewery Limited controls over 80 percent of the Myanmar’s beer market and known for its beer brands such as Myanmar Beer and Andaman Gold.
The transaction was led by Straits Law Director, Ms Valerie Ang.
For more details on the transaction above, click on the links to the press articles below: