Thai Beverage Public Company has acquired a 75% stake in Myanmar Distillery Company (MDC) and Myanmar Supply Chain and Service (MSC).

The acquisition was made by Thai Beverage Public Company's subsidiary International Beverages Trading (IBHL) by acquiring Alliance Asia Investment Private (AAIPL) and Alliance Strategic Investments (ASIPL), which respectively resulted in an indirect acquisition of 5% and 70% stakes in MSC and MDC, respectively.

The purchase consideration for the acquisition was $741.6m.

"Coca-Cola Amatil has reached an agreement to acquire Feral Brewing Company."

Thai Beverage Public Company is an alcoholic and non-alcoholic beverages company, while IBHL, MDC, and MSC are all based in Myanmar.

The stake in MDC was sold by TPG Capital, a private equity firm based in the US.

Coca-Cola Amatil has reached an agreement to acquire Feral Brewing Company.

Also based in Australia, Feral Brewing Company is a craft beer company.