Thai Bev seeks up to $1 bln in Singapore IPO of beer unit -sources

Thai Beverage Public

05/05/2022 05:58

SINGAPORE, May 5 (Reuters) - Singapore-listed Thai Beverage
 TBEV.SI  is looking to raise as much as $1 billion through the
revived Singapore initial public offering (IPO) of its regional
beer business later this year, two sources familiar with the
matter said on Thursday.
    There was no immediate response to a Reuters query on the
funding amount sent to a spokesperson for Thai Bev.
    Earlier on Thursday, Thai Bev, the maker of Chang beer, said
in a regulatory filing that it had re-started the process to
list its regional beer unit, BeerCo, and would look to sell up
to a 20% stake through the Singapore IPO.  L3N2WX00E 

 (Reporting by Anshuman Daga; Editing by Christian Schmollinger)
 ((anshuman.daga@tr.com;))