Price accord ends row over Myanmar Brewery

Singapore

FRASER & Neave (F&N) said on Thursday that Myanma Economic Holdings Ltd (MEHL) has agreed to buy F&N's 55 per cent stake in Myanmar Brewery Limited for US$560 million.

The value is based on the exchange rate between the Myanmar kyat and the US dollar on April 30, 2013.

This agreement puts an end to a two-year dispute between the joint-venture partners over the controlling stake in Myanmar's largest brewery. MEHL holds the other 45 per c…