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Food & Beverage

ThaiBev confirms potential beer IPO after shares jump

Chang brewer says discussions on possible listing still early

Reaching for a cold one in Bangkok: The first Chang brewery outside of Thailand started production in Myanmar in August as Thai Beverage works to expand the brand's reach.   © Reuters

BANGKOK -- Thai Beverage, the brewer of Chang beer and a member of billionaire tycoon Charoen Sirivadhanabhakdi's TCC Group, acknowledged that a listing of its brewery business is one option for raising funds.

"Thai Beverage is presently evaluating strategic proposals and opportunities, including but not limited to a potential listing of its beer business, in consultation with its external advisors," it said in an announcement on Friday.

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