Thai Beverage to sell 20% of beer business in blockbuster Singapore IPO
The planned IPO will likely value the brewery unit at about US$10 billion. - Bloomberg SINGAPORE, Feb 5 (Reuters): Thai Beverage, controlled by one of Thailand's richest men, plans to sell a 20% stake in its regional beer business via a Singapore listing, in what is set to be the largest initial public offering in the city-state in nearly a decade. In a statement filed to the Singapore Exchange after midnight, Thai Beverage said the move would give BeerCo, a separately listed entity, direct access to debt and equity capital markets and allow it to independently leverage on a w...
Source: thestar.com.my