BANGKOK/SINGAPORE -- Thailand liquor giant Thai Beverage announced a plan on Friday to sell a 20% stake in its brewery unit BeerCo through an initial public offering on the Singapore Exchange.
The parent company said the listing of Singapore-based BeerCo would be in the interests of ThaiBev's shareholders, as it would unlock growth potential in the beer business harnessed by a management team solely focused on achieving growth in the beer business.
