F&N’s contested Myanmar Brewery stake worth a whopping $763m

More than double the original offer by MEHL.

Fraser and Neave revealed that its contested 55% stake in Myanmar Brewery Limited (MBL) is worth $763m (US$560m), more than twice the original offer price of $335m (US$246m) by Myanma Economic Holdings Limited (MEHL).

The valuation was arrived at by an independent valuer jointly appointed by MEHL and F&N. An arbitral tribunal had earlier ruled that the original offer put forward by MEHL did not represent a fair value of F&N’s stake in MBL. 

“The US$560 million valuation of our 55% stake represents a significant premium to MEHL’s offer price of US$246 million. It validates our assessment of the strategic attractiveness of MBL due to its leading position in the Myanmar beer market, the strength of its iconic Myanmar Beer brand and distribution network, and its ability to capitalise on future growth potential,” said Huang Hong Peng, Chief Executive Officer, Beer.