date:Feb 04, 2013
Under this agreement, MGS Breweries and Carlsberg have formed a Joint Venture Myanmar Carlsberg Co., Ltd. with plans to set up a new greenfield brewery and distribute Carlsberg beers in the local market. The joint venture is 51% owned by Carlsberg.
We have followed the developments in Myanmar closely and are encouraged by the recent political developments in the country. We believe that the timing is right for us to invest in the country. We expect that the Myanmar beer market will grow stro