ThaiBev shelves jumbo Singapore spin-off

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By Jonathan Breen
19 Apr 2021

Thai Beverage has postponed the multi-billion-dollar spin-off and listing of its brewery unit in Singapore, citing choppy markets and a surge in Covid-19 cases in Thailand.

Singapore Exchange-listed ThaiBev was working with Bank of America, Citi and Morgan Stanley to prepare BeerCo’s listing on the SGX, GlobalCapital Asiareported previously. The parent had approval to float up to 20% of Beer Co's share capital and was expected to raise as much as $2bn ...

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