BUSI­NESS ALERTS

Mizzima Business Weekly - - CONTENTS -

Spir­its and beer maker ThaiBev Pub­lic Com­pany ac­quired a com­bined 75 per­cent stake in two Myan­mar dis­til­leries in a deal worth $742 mil­lion, re­ported Reuters.The com­pany ac­quired the stake in Myan­mar Sup­ply Chain and Ser­vices (MSCS) and Myan­mar Dis­tillery Co (MDC) from four third-party ven­dors, in­clud­ing Texas-based pri­vate eq­uity firm TPG which sold its 50 per­cent stake in MDC, ac­cord­ing to Reuters. MDC is one of the largest bev­er­age com­pa­nies in Myan­mar and is the pro­ducer of Grand Royal, a lead­ing whisky brand in the coun­try. ThaiBev’s brands in­clude Chang Beer, Ar­cha Beer, Feder­braü Beer, SangSom Spe­cial Rum, and malt whiskey Blend 285. ThaiBev sales in the first nine months of 2016-17 fis­cal year, from Oc­to­ber 2016 to June 2017, dropped six per­cent year-on-year to $4.3 bil­lion) due to slow eco­nomic growth. The move is in­tended to ex­pand ThaiBev’s dis­tri­bu­tion net­work in Myan­mar.

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