Thai Beverage targets Singapore companies

Thailand’s biggest beer maker Thai Beverage has bid to to pay US$2.2 billion for Fraser & Neave Ltd.  shares held by Oversea-Chinese Banking Corp. and its partners.

The Thai company will buy 313 million Fraser & Neave shares at S$8.88 each, or about 22% of Singapore’s biggest beverage maker from OCBC, according to a statement.

Brewers including Asahi Group Holdings and Kirin Holdings have said they’re targeting takeovers in Southeast Asia, where young populations and growing economies are spurring beer sales.

The biggest  beverage deal this year was Anheuser-Busch InBev NV’s $20.1 billion acquisition of Mexico’s Grupo Modelo SAB. Molson Coors Brewing Co.’s $3.5 billion purchase of Czech brewer StarBev LP was the fifth-biggest.

The deal is the latest as ThaiBev looks to diversify first outside of alcoholic drinks, as well as outside of Thailand. The company bought local bottler and soft-drink maker Serm Suk last year.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Sales and Brand Manager

The Duchess Virgin Gin & Tonic
London,

Sales Scotland

Liberty Wines
Scotland, UK

Supply Chain Supervisor

Speciality Drinks
UK, UK

Sales Manager

Stilnovisti
London, UK

Regional Key Account Manager - On Trade

Lanson International UK
South of England, UK

Private Account Manager

Jeroboams Wine Merchants
London N1, UK

Sales Role

JF Tobias
London, UK

Events Assistant

Decanter
London, UK

Head of Marketing

Decanter
London, UK

Market Manager - Asia

Wines of South Africa
China,

Prosecco Springs

London,United Kingdom
26th Apr 2018

Spirits & More

Rome,Italy
19th May 2018

db Awards 2018

London,UK
23rd May 2018
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more