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ThaiBev revives potential IPO of beer business
The Straits Times
|October 03, 2024
BANGKOK – Beverage company Thai Beverage (ThaiBev) is reviving plans for an initial public offering (IPO) of its beer unit to take advantage of a rally in global stock markets, besides weighing the induction of an equity partner, according to company executives.
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The IPO of the beer unit called BeerCo is possible as early as the third quarter of 2025 if ThaiBev is able to decide on the share sale by December, Mr Michael Chye, chief of the beer products group, told reporters in Bangkok on Oct 1.
Separately, Mr Thapana Sirivadhanabhakdi, chief executive of Singapore-listed ThaiBev, told Bloomberg that the company has “received good interest” from potential partners for the beer unit and the firm is holding talks with two of them.
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