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ThaiBev looks to sell 20% of brewery unit in Singapore IPO

Listing expected to be biggest in years for SGX

BeerCo, which plans to list its shares on the Singapore Exchange, sells beer under several brands including Chang and Federbrau. The company also has Vietnam operations selling the brands Bia Saigon and 333.   © Reuters

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.

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