Thai Beverage puts off beer unit listing again on market pains

Singapore-listed Thai Beverage said on Thursday it will again defer the spin-off and initial public offering of its regional beer business, BeerCo, due to recent market volatility.

The beverage maker cited"prolonged challenging market conditions" as the reason for postponing the spin-off, which was originally planned for early 2020. The firm, chaired by one of Thailand's richest people Charoen Sirivadhanabhakdi, added it will review the spin-off and listing when market conditions permit.

ThaiBev was looking to raise as much as $1 billion, Reuters had reported in May, citing sources, by selling up to a 20 per cent stake in BeerCo.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Thai banks urged to freeze rates even if cbank hikes policy rate-Finance MinisterBANGKOK : Thailand's commercial banks should not rush to raise their interest rates even though the central bank will tighten monetary policy, the finance minister said on Wednesday.The Bank of Thailand is widely expected to raise its key rate for the first time in nearly four years later on Wednesday.
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »