THAILAND: Thai Beverage in talks to buy rival - report
By just-drinks.com editorial team | 18 September 2006
Thai Beverage, the maker of Chang beer and Mekhong whisky, is reportedly in talks to buy a local rival distiller.
According to Dow Jones on Friday (15 September), the company said that it was in negotiations with the Wrangyer group of companies which makes the White Tiger brand of white spirits.
Thai Beverage listed in Singapore in May after raising S$1.37bn.
In August, Thai Beverage reported a 5% fall in first-half profits due to rising expenses and warned of lower sales in the third quarter.
The company posted net profit of THB5.1bn (US$136.7m), down from THB5.4bn a year earlier. Revenues rose 2% to THB46.7bn.
Thai Beverage warned of weak demand for beer during the rest of the year.
Sectors: Beer & cider, Spirits
Companies: Thai Beverage
View next/previous articles
18 Sep 2006 -
18 Sep 2006 -
Currently reading -
THAILAND: Thai Beverage in talks to buy rival - report
18 Sep 2006 -
18 Sep 2006 -
There are currently no comments on this article
Be the first to comment on this article