F&N owns 55 per cent of Myanmar Brewery, a market leader in the country, but its partner Myanmar Economic Holdings (MEHL) believes it can make it sell up.
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A truck of Myanmar Beer, a brand under Myanmar Brewery. F&N's partner Myanmar Economic Holdings wants to buy the Singapore firm's 55 per cent stake in Myanmar Brewery but F&N says it intends to fight the claim. -- PHOTO: BLOOMBERG
MEHL, which holds the remaining 45 per cent of the brewer, has told F&N it will soon issue a notice of arbitration for a potential claim.
MEHL contends that the joint venture agreement gives it the right to force F&N to sell all its shares in Myanmar Brewery.
More : http://asia.legalbusinessonline.com/news/breaking-news/fandn-in-beer-spat-with-myanmar-partner/111912
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