Singapore: ThaiBev looking to raise as much as $1 bln through its regional beer business IPO
Singapore-listed Thai Beverage (ThaiBev) is looking to raise as much as $1 billion through the revived Singapore initial public offering (IPO) of its regional beer business this year, the Hospitality Ireland reported on May 12, citing two sources familiar with the matter.
The size of the potential fundraising has been halved from a year ago because of the impact of the COVID-19 pandemic and decreased market valuations, said the sources who declined to be identified as they were not authorised to talk to the media.
ThaiBev, the maker of Chang lager, declined comment on the funding amount.
Controlled by tycoon Charoen Sirivadhanabhakdi, ThaiBev is one of Southeast Asia's largest makers of drinks.
Earlier on Thursday, the company said in a regulatory filing that it had re-started work to list its regional beer unit, BeerCo, and would look to sell up to a 20% stake through the Singapore IPO. L3N2WX00E
A third source familiar with the matter said ThaiBev could end up raising about $800 million, adding that the launch of the IPO was subject to market conditions.
A successful IPO would mark one of the largest listings on the Singapore bourse in years.
BeerCo, which comprises Thai Bev's brewing operations in Thailand and Vietnam, had initially planned a listing in early 2020 but that was derailed by the outbreak of the pandemic.
Regresar
E-malt.com, la fuente de información global para los profesionales de la industria cervecera y de malteado. Los boletines quincenales de E-malt.com incluyen las últimas noticias de la industria, estadísticas en gráficos y tablas, precios mundiales de cebada y malta, y otra información relevante. Haga clic aquí para obtener acceso completo a E-malt.com. Si usted es un cliente de Castle Malting, puede obtener acceso gratuito al sitio web y publicaciones de E-malt.com. Contáctenos para obtener más información en marketing@castlemalting.com.
