Asahi and Thai Beverage, the maker of Chang beer, were notified this week that they had qualified for the next round of bidding in Anheuser-Busch InBev’s €2.5 billion auction of the Peroni, Grolsch and Meantime beer brands. (more…)
Since its hard-fought acquisition of Singaporean beverage conglomerate Fraser and Neave in 2013, Thai Beverage has kept a relatively low profile in the M&A world. But while the company behind the Chang beer and other brands may not have made any headline-grabbing takeovers since then, it has by no means lost momentum. (more…)
It will splurge cash on ASEAN targets.
Armed with its formidable $966 million cash pile, F&B giant Thai Beverage is forecasted to aggressively snap up Southeast Asian companies over the next four years. (more…)