Kirin buys $560 mil stake in top Myanmar brewer

Kyowa Hakko owns Kirin Beer. Used to be innovative top company located on Seto naikai seashore in Hofu Cjty. I don't drink booze but ir was quality first reputation organization and I am sure Kirin will capture large share of US market

Myanmar Brewery Ltd was own by Burmese Military own Union of Myanmar Economic Holdings. It was run by Burmese Defense Ministry.

UMEHL has a 40% share in Myanmar Brewery Limited (MBL).[15] MBL manufactures Tiger Beer, Myanmar Beer, ABC stout and Anchor Beer. The Myanmar Brewery Limited is a joint venture between UMEHL and the Singapore-run Fraser and Neave Ltd (under a 15-year joint venture agreement), which has since been taken over by Thai companies controlled by Charoen Sirivadhanabhakdi, who owns Thai Beverage.[16] Most recently, Myanmar Economic Holdings has been involved in a controversial attempt to acquire the majority stake (55%) in Myanmar Brewery, which controls over 2/3 of the country's beer market.[16] Fraser and Neave attacked the “propriety and process” behind a valuation of $246 million placed on its stake by Myanmar Economic Holdings.

(The K500 billion valuation – US$403 million using yesterday’s exchange rate of K1240 per dollar – is for the 55 percent stake of the brewery currently held by Fraser and Neave Limited, a Singapore-based company).

The 55% stake F&N Ltd in Myanmar Brewery Ltd (MBL) worth $ 403 million as valuation by the independent valuers. However, MEHL military own Company has valuated $ 246 million for F&N Ltd 55% stake in Myanmar Brewery Ltd.

The interesting thing was suddenly MEHL has agreed Fraser and Fraser Ltd its own valuation at $ 560 million for its 55% stake in Myanmar Brewery Ltd (MBL). The $ 560 million was more than double MEHL willing to pay for F&N Ltd’s 55% stake.

How much the Fraser & Neave (F&N) Ltd has bribed former Generals who controlled MEHL to agree the F&N Ltd its own valuation $ 560 million for 55% stake MBL?

Why Kirin is paying more than $ 157 million above market price?

Also it has a long-running dispute with the minority owner, military-linked Myanma Economic Holdings Limited (MEHL).

Kirin can have 55% stake of Neave and Fraser for no more than $ 450 million including lubricant for smooth transaction if I were agent adviser for Kirin in this transaction.

Fraser and Neave (F&N) Ltd was wanted to leave MLB. F&N Ltd has to agree with independent valuer valuation of its 55% stake at $ 403 million if F&N Ltd wanted leaves MBL. Something smelled badly in this purchase.

http://www.mmtimes.com/index.php/business/15654-myanmar-brewery-stake-worth-k500-billion.html

http://consult-myanmar.com/2015/08/10/nearing-last-call-for-brewery-dispute/

Kyowa acquired its oarent co Tkara. Then it got bigger by absorbing existing organizations instead of creating new factories. So it is in there. It needs well run companies to satisfy huge US market,