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Sunday, April 2, 2023

ThaiBev explores options for spirits unit

Mekhong distiller could be worth $5-10 billion if it is spun off and listed, say sources

Thai Beverage Plc is exploring options for its spirits business including an initial public offering (IPO) in Singapore where it is listed, according to people with knowledge of the matter.

The company controlled by Thailand’s richest man has held initial discussions with banks on options including selling a stake in the maker of the country’s best-selling liquor brands, Mekhong and Ruang Khao, said the sources, who asked not to be identified as the process is private. 

Deliberations are at an early stage and no final decisions about the spirits business’s valuation have been made, the sources said. One estimated a deal could give the spin-off company a…

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