Biggest Singapore IPO in nearly a decade might be brewing for ThaiBev's brewery business

SINGAPORE - Thai Beverage Public Co is considering an initial public offering of its brewery business in what could be the biggest listing in Singapore in close to a decade, people with knowledge of the matter said.

The IPO is likely to be the Singapore bourse's biggest since the 2011 listing of Hutchison Port Holdings Trust, which raised US$5.5 billion. At a valuation of US$10 billion, the unit will also rank among the region's biggest beer companies like China's Tsingtao Brewery Co, although still far smaller than Budweiser Brewing Co, the Asian unit of beer giant Anheuser-Busch InBev.

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.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

ThaiBev said to consider IPO of US$10b brewery businessThaiBev said to consider IPO of US$10b brewery business
Fuente: BusinessTimes - 🏆 15. / 51 Leer más »

Singapore services business receipts grow 1.9% in Q3INFOGRAPHIC: Singapore services business receipts grow 1.9% in Q3
Fuente: BusinessTimes - 🏆 15. / 51 Leer más »

$32 million lost in Jan-Sep to new type of business scamsSINGAPORE — At least $32 million was lost to scammers pretending to be business partners or employees, said the police on Wednesday (27 November). People are getting more stupid nowadays, perhaps too much sugar in their diet!
Fuente: YahooSG - 🏆 3. / 71 Leer más »

Dram come true: Singapore’s first single malt whisky hits the marketUndeterred by our hot and humid weather, Brass Lion Distillery and The General Brewing Co. have teamed up to make the city-state’s first locally-produced whisky.
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »