ThaiBev

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Thailand: ThaiBev to take majority stake in Sabeco

December 21, 2017

Alcoholic Drinks, Asia Pacific, Mergers & Acquisitions

ThaiBev, the leading Thai drinks firm, has announced that it has made a successful bid to acquire a majority stake in Vietnam’s state-owned beer maker Sabeco. In a statement, ThaiBev said it had agreed to acquire approximately 53.59% of all outstanding ordinary shares in Sabeco for an aggregrate price of approximately 156 billion THB ($4.77 billion). ThaiBev ultimately emerged as the only bidder for Sabeco, despite previous reports that a number …

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Thailand: ThaiBev to acquire Myanmar Distillery Company

October 20, 2017

Alcoholic Drinks, Asia Pacific, Manufacture & Distribution

ThaiBev, Thailand’s largest beverage company, has announced the purchase of a 75% of stake in Myanmar Distillery Company (MDC) for $1 billion. MDC, the largest spirits company in Myanmar, produces and sells a range of whiskies and gins at its facilities in Mandalay and Yangon, including the flagship Grand Royal whiskey brand which has over 60% market share. Commenting on the move in a statement, ThaiBev said: “The acquisition enables …

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