ThaiBev said to consider IPO of US$10b brewery business

ThaiBev is best known for producing Chang, a lager whose green bottles are adorned with an image of two elephants. It also brews Archa beer and the German-inspired Federbrau brand.

In 2017, ThaiBev's Vietnamese affiliate agreed to buy a controlling stake in Sabeco, the country's largest brewer, for about US$4.8 billion. Shares of ThaiBev have risen 43 per cent in Singapore trading this year through Thursday, giving the company a market value of about US$16 billion. No final decisions have been made, and there's no certainty the deliberations will lead to a transaction, the people said.Apart from the brewery business, ThaiBev runs distilleries that produce liquor including SongSam rum, Meridian brandy and Drummer whisky. It owns about 28.

The group is controlled by Charoen Sirivadhanabhakdi, who is Thailand's richest person with a net worth of about US$19.5 billion, according to the Bloomberg Billionaires Index.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WeWork's ill-fated IPO shows market discipline: Oaktree's MarksWeWork's failure to go public and this year's disappointing tech IPOs in the United States are a positive sign of market discipline and investor ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

WeWork's ill-fated IPO shows market discipline - Oaktree's MarksWeWork's failure to go public and this year's disappointing tech IPOs in the United States are a positive sign of market discipline and investor ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

BAT says US vaping slowdown will lead to slower growth in e-cig businessBritish American Tobacco , the world's no. 2 tobacco company by revenue, said on Wednesday a slowdown in the U.S. vaping market would result in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US third-quarter GDP growth raised; business investment stabilizingU.S. economic growth picked up slightly in the third quarter, rather than slowing as initially reported, and there are signs the downturn in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »