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JULY 2013
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111
ALLIAnCE BREWERY CoMPAnY LIMItEd In JoInt VEntURE
AGREEMEnt WItH ASIA PACIFIC BREWERIES LIMItEd
Heineken n.V. (‘HEInEKEn’) has entered into a local joint venture agreement with privately-owned Alliance Brewery Company Ltd (ABC) to brew and sell HEInEKEn beers in Myanmar. ABC is majority-owned by Aung Moe Kyaw, a local entrepreneur and established leader in the spirits industry. the new joint venture company, APB Alliance Brewery Company Limited, which will build a new greenfield brewery in the country, has been approved by the Myanmar Investment Committee (MIC).
Under the terms of the agreement, HEINEKEN, through its subsidiary Asia Pacific Breweries Limited, will have a controlling 57 percent stake in the new joint venture company and be responsible for overall management, providing brewing and technical expertise, procurement of ingredients and the licensing of brands.
The brewery will be located near the country’s capital Yangon and is expected to be operational by the end of 2014. The joint venture company plans to invest US$60 million in the brewery, create more than 400 jobs and brew leading brands, including Heineken®.
Jean-François van Boxmeer, HEINEKEN CEO and Chairman of the Executive Board said: “This is a truly exciting business opportunity that expands further our exposure to high growth markets. There is a growing recognition of the positive progress that Myanmar is making in terms of its political and social reforms. Through our investment, job creation and implementation of our global policies, I believe that we will support this process.” LM
ASIAn PAY tELEVISIon tRUSt IPo
Asian Pay television trust hoped to raise approximately S$1.4 billion (US$1.1 billion) in its initial public offering earlier this year, when in fact it units opened at S$1.00 and went as low as S$0.935. It was reported that over 135 million units were traded.
Asian Pay Television Trust is the investment vehicle for Taiwan's biggest cable-TV operator, and the IPO was Singapore’s second biggest of the year.
There has recently been a spate of trust listings in Singapore recently, with the country now being a leading venue for such deals. LM
Asia Pacific Breweries Limited
Asian Pay Television