Yoma Strategic debuts in Myanmar's FMCG Sector

It'll acquire a 30% stake in ABC Group.

According to OSK, Yoma Strategic Holdings has made its first foray into Myanmar's fast-moving consumer goods (FMCG) sector by entering into a definitive Business Sale Agreement (BSA) with the Asia Beverages Co Ltd group of companies for a 30% sake in ABC Group for USD11.1m, with an initial upfront amount of USD3.3m and a further USD7.8m to be paid at a later stage based on certain performance benchmarks.

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The acquisition will be funded from internal resources. The investment in one of Myanmar’s leading FMCG platforms is a timely, tactical move for Yoma, enabling its participation in a burgeoning sector with high- growth potential.