Yoma Strategic, Pernod Ricard joint venture eyes Myanmar's whisky industry

[SINGAPORE] MAINBOARD-LISTED Yoma Strategic Holdings on Friday said it intends to form a joint venture (JV) company with Pernod Ricard alongside other partners to produce and distribute whisky in Myanmar.

Upon completion of the deal, Pernod Ricard will bring in an "internationally experienced management team" and become the largest shareholder in the new firm.

The remaining equity will be split among Yoma Strategic, private equity firm Delta Capital Myanmar, and Win Brothers, a distillery group with production facilities in Yangon and Mandalay.