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SABMiller silent over Myanmar Brewery stake purchase talk

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SABMiller has declined to comment on reports that it is considering buying into Myanmar Brewery, the country's biggest beer producer.

Will SABMiller look to get a footprint in Myanmar, joining Carlsberg and Heineken?

Will SABMiller look to get a footprint in Myanmar, joining Carlsberg and Heineken?

The London-headquartered brewer is among a number of firms eyeing a stake in Mynamar Brewery, Reuters reported today, citing unnamed sources. Kirin Holdings and Thailand's Boon Rawd Brewery are also rumoured to be eyeing a possible move.

A SABMiller spokesperson told just-drinks that the company is not commenting on the reports.

Myanmar Brewery and its ownership was the subject of a legal battle last year. Military-owned conglomerate Myanmar Economic Holdings Limited (MEHL) won an arbitration case in October to buy Fraser & Neave's controlling 55% stake in the brewery.

According to Reuters' sources, MEHL is now looking for a partner to take F&N's former stake.

Myanmar Brewery, which reportedly accounts for 83% of the country's beer market, has brands including Myanmar Beer, Myanmar Double Strong and Andaman Gold.

The country of Mynamar, also known as Burma, is emerging from years of military dictatorship, with global drinks firms moving to secure a foothold in the market. Carlsberg was expected to start production there early this year and Heineken has opened a brewery in the country as part of a JV.


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