Japan's Kirin buys F&N's Myanmar Brewery stake for $560m

Japan’s Kirin Holdings Co. has bought a controlling stake in Myanmar Brewery Ltd., the largest beer maker in the Southeast Asian nation, for $560 million, the company announced. The deal was routed through its Singapore subsidiary – Kirin Holdings Singapore Pte. Ltd. –  a wholly owned unit handling the group’s South East Asia operations, which will hold a 55% stake in in Myanmar Brewery, while the remaining shares will be held by military-run Myanmar Economic Holdings Ltd.