THAILAND: Thai Beverages to launch IPO - report
Thai Beverages PCL is planning an IPO next year, according to reports. One of the offer's advisers has told Reuters that the company will initiate the move in the second quarter of next year.
Banyong Pongpanich, chairman of Phatra, formerly known as Merrill Lynch Phatra Securities, told reporters his company and SCB Securities would be jointly responsible for marketing the IPO to domestic investors. The foreign markets side will be handled by Merrill Lynch and JP Morgan.
The finer details, including how many shares would be offered, how much they would be offered for and what the funds are intended for, will be decided in the near future.
Thai Beverages, the country's biggest beer and whisky producer, is majority-owned by Charoen Sirivadhanabhakdi. Within its portfolio are Chang Beer and Mekong and Saeng Som whiskies.
The company had initially planned to launch the IPO this year, but it was postponed after Thai Beverages decided to reorganise its businesses.
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