In August 2015, F&N sold their 55% stake in Myanmar Brewery Limited to Myanma Economic Holdings for US$560 million and realized a net gain of US$542 million. Interestingly, Myanma Economic Holdings resold Myanmar Brewery to Kirin Holdings for the same amount of US$560 million the same month! The deal had many investors scratching their heads. The only reason I can think of for the transaction is a political one but I shall not elaborate further and leave you to ponder about it ;)
So with F&N divesting their stakes in Asia Pacific Breweries in 2012 and Myanmar Brewery in 2015, the company now only owns one brand of beer – Thailand’s Chang Beer. Moving forward, I wanted to know how F&N’s management was planning to grow its business so I attended their most recent AGM to find out more.
Here are the seven things I took away from F&N’s FY2015 ......