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The Independent UK
The Independent UK
National
Via AP news wire

Japan's Kirin to withdraw from its Myanmar brewery venture

Kirin Myanmar
Copyright 2020 The Associated Press. All rights reserved.

Japanese beverage giant Kirin Holdings said Monday it has decided to withdraw from its joint venture in Myanmar

Kirin, owner of the San Miguel Fat Tire and Lion brands, said its board made the decision to “urgently terminate” the partnership with Myanma Economic Holdings Plc, a military-affiliated company, after finding it would be difficult to quickly end the venture in the way Kirin wanted to.

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