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Pernod Ricard forms JV to tap into Myanmar's whisky industry

French spirits maker Pernod Ricard SA said May 25 that it formed a joint venture to produce and distribute whisky in Myanmar.

The company will be the largest shareholder in the partnership, formed with Singapore-based Yoma Strategic Holdings Ltd.; private equity firm Delta Capital Myanmar; and the Win Brothers, U Htun Win and U Zaw Win. Both brothers have businesses in the country's alcoholic beverage sector, Pernod said.

The transaction is expected to close in 2019.