Brief: Thai Beverage Says Conditional Share Swap Agreement Between Interbev Investment & TCC Assets

Thai Beverage Public

18/07/2024 02:25

July 18 (Reuters) - Thai Beverage PCL  TBEV.SI :
    * CONDITIONAL SHARE SWAP AGREEMENT BETWEEN INTERBEV
INVESTMENT
LIMITED AND TCC ASSETS LIMITED
    * THAIBEV WILL INCREASE ITS STAKE IN F&N AND FULLY DIVEST
ITS
STAKE IN FPL
    * THROUGH INTERBEV INVESTMENT PROPOSED A SHARE SWAP WITH TCC
ASSETS
    * PROPOSED SHARE SWAP WILL SEE IBIL TRANSFERRING TO TCCAL
ALL OF
ITS 28.78% SHAREHOLDING IN FRASERS PROPERTY
    * UPON COMPLETION, THAIBEV WILL CEASE TO HOLD ANY INTEREST
IN FPL
    * PROPOSED SHARE SWAP WILL BE EXECUTED AT A RATIO OF
APPROXIMATELY
1.88 FPL SHARES FOR EACH F&N SHARE
    * RECEIVED A RULING FROM SECURITIES INDUSTRY COUNCIL OF
SINGAPORE
THAT IBIL WILL NOT BE REQUIRED TO MAKE A GENERAL OFFER FOR F&N
    * ON PRO FORMA BASIS, CONSOLIDATION TO RESULT IN 4.3%
ACCRETION IN
EPS FROM 1.06 BAHT TO 1.10 BAHT FOR 12 MNTHS ENDED 31 MARCH 2024


Further company coverage:  TBEV.SI 

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