Feb 1, 2013

Carlsberg signs JV deal to enter Myanmar

Danish brewer Carlsberg (CARLb.CO) has signed a deal with a privately owned local beverage company, Myanmar Golden Star (MGS) Breweries, to brew and market Carlsberg beers in the country.

Carlsberg said in a statement on Friday that the companies plan to set up a new greenfield brewery and distribute Carlsberg beers in the local market.

The joint venture is 51 percent owned by Carlsberg, the brewer said.

Source: Reuters

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