Yoma Strategic Holdings to acquire stake in Myanmar consumer goods firm for $14.2m
Singapore-listed Yoma Strategic Holdings has agreed to buy an interest in the Asia Beverages Co. group of companies (ABC Group), marking its first entry into Myanmar's fast-moving consumer goods sector.
Yoma will join hands with investment company PMM Partners to invest in the group's assets and businesses that relate to consumer goods.
These include producing, branding, marketing and distributing bottled water, spirits, wines, beers and alcoholic beverages, Yoma said in a filing to the Singapore Exchange on Monday.
Yoma will take a 30 per cent stake and PMM Partners will take a separate 20 per cent stake.