Thailand. ThaiBev joins battle for foreign beer brands

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Thai Beverage (ThaiBev) is one of four companies vying for three beer brands put on sale by Anheuser-Busch InBev, according to Financial Times.

The newspaper reported last week that along with ThaiBev, the other three companies qualified for the next round of bidding are Japan’s biggest brewer Asahi, Bain Capital and PAI Partners. The brands are reportedly worth 2.5 billion pound.

The Belgian brewer which is the world’s largest beer company by sale volume is selling Peroni, Grolsch and Meantime beer brands to facilitate its takeover bid for SABMiller, the world’s second largest. AB InBev’s US$108 billion takeover bid raises concerns for regulators in a number of countries like the United States and European Union.

ThaiBev, the brewer of Chang beer, is one of the largest beverage and food companies in Southeast Asia. It reaped Bt121 billion in total sale revenue in the first nine months of 2015.