French spirits giant, Pernod Ricard completed a deal to take 34 percent stake in Seagram MM Holding which will produce and distribute whisky in Myanmar

French spirits giant Pernod Ricard has completed a deal to take a 34 per cent stake in Seagram MM Holdings, a joint venture between mainboard-listed Yoma Strategic, the Win Brothers and Delta Capital Myanmar which will produce and distribute whisky in Myanmar, The Business Times reported.

Seagram MM Holdings is the holding company of Seagram Myanmar Company, a subsidiary housing Seagram’s whisky brands Seagram High Class and Seagram Imperial Blue.

The subsidiary also operates a manufacturing site in Yangon and 10 commercial branches nationwide and has a paid-up share capital of 5.64 billion kyat (S$5.1 million).

(Mizzima: http://www.mizzima.com/article/pernod-ricard-takes-34-stake-seagram-mm )

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