PHILIPPINES: San Miguel completes Thai buy
The Philippine food and drink giant San Miguel has wrapped up its acquisition of the brewery assets of Thai Amarit Brewery for 3.9 billion baht (US$95.6m) for the brewery assets, which include a modern and fully equipped brewery on a 21.75-hectare site in Pathum Thani north of Bangkok.
Earlier in June, San Miguel received an okay from the Thai Finance Ministry to produce beer in the country.
At the time, San Miguel said: "This is the first step in San Miguel's entry into the highly attractive Thai beer market," the company said in a statement.
Sectors: Beer & cider
- SABMiller's troubles fuel M&A rumours
- Diageo's future brighter than present suggests
- Diageo's Q1 Results by Region
- Focus - Remy Cointreau's H1 Performance by Brand
- Three Questions for the Drinks Industry
- Moët Hennessy unveils first Travel Retail outlet
- Diageo puts Beckham centre stage in Haig Club ad
- Moet Hennessy sales falter in YTD
- Diageo Q1 sales dip "in line with expectations"
- Diageo to appeal Parrot Bay UK TV ad ban