Deals
ThaiBev Considering a Singapore IPO of $10 Billion Brewery Business
- Listing could be the biggest in Singapore since 2011
- Deal could include ThaiBev’s assets in Thailand and Vietnam
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Thai Beverage Pcl is considering an initial public offering of its brewery business, in what could be the biggest listing in Singapore in close to a decade. Shares of the company surged.
The drinks maker is speaking with potential advisers about listing the brewery unit next year and may seek a valuation of as much as $10 billion, according to people with knowledge of the matter. A deal could include its beer assets in Thailand and Vietnam, one of the people said, asking not to be identified because the information is private.