Categorized | News

ThaiBev looking for growth through Drinks acquisitions


Thai Beverage Plc, the Thailand’s largest brewer and distiller, plans to get hold of some beverage firms shares as due diligences are already going on, one in Thailand, one in the Philippines and two in Singapore.

The Singapore-listed company has also been approached by global investment banks, such as Barclays, Goldman Sachs, JPMorgan and Royal Bank of Scotland, to purchase beverage firms in Russia, India, Sri Lanka and China

The idea, according to Sithichai Chaikriangkrai, a finance director at Thai Beverage is “to have international revenues to account for a third of our revenues in three years, from about 5% now”. The company branched out from its original beer and spirits line. It owns Chang beer, Mekhong whisky and Oishi green tea brands.

San Miguel Corp, a Philippine company, is interested in selling a great deal of its liquor arm Ginebra San Miguel Inc hence the negotiations with overseas groups.

Del Monte Pacific, Fraser & Neave and Asia Pacific Breweries are some of the beverage firms listed in Singapore.

Tags | , , , , , , ,

Tuesday, January 23, 1:47 pm

Search by Tag