Deals
Singapore’s Viz Branz Owner Nears Sale of Majority Stake
- Sale to Investcorp could value firm at up to $372 million
- Instant beverage maker operates in Singapore, China, Myanmar
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The owner of Singaporean instant beverage maker Viz Branz Pte agreed to sell a majority stake to the biggest private equity and alternative asset manager in the Middle East.
Bahrain-based Investcorp Holdings BSC said Monday that controlling shareholder Ben Chng will retain “a significant ownership stake” in the company but disclosed no other details, according to a statement, which confirmed an earlier Bloomberg News report.