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Thai Beverage Public Company
13-10-2015, 07:44 AM.
Post: #121
RE: Thai Beverage Public Company
AB InBev raises bid for SABMiller to $US103 billion
  • TRIPP MICKLE
  • THE WALL STREET JOURNAL
  • OCTOBER 13, 2015 7:35AM


[Image: 915519-48867244-7122-11e5-87c5-82c509632f8f.jpg]
Australia’s Victoria Bitter — one of SABMiller’s popular international brands. Source: News Limited
[b]Anheuser-Busch InBev has sweetened its takeover proposal for SABMiller as it sought to get back on track after going public last week with an offer that was designed to get SABMiller’s biggest shareholders on board with the deal, but instead backfired.[/b]
AB InBev’s latest proposal — its fourth in a few weeks — values the world’s No. 2 brewer at $US103.3 billion ($A140.2bn) — a 48 per cent premium to the company’s closing price on September 14, the day before media speculation about a deal began to circulate. Its previous proposal, unveiled last Wednesday, valued the maker of best selling beers include Australia’s Victoria Bitter and Carlton Draught at $US99.2 billion.
AB InBev, the world’s biggest brewer, miscalculated when it went public with its proposal last week, according to people familiar with its efforts. It thought it had the backing not only of SABMiller’s biggest shareholder — Marlboro cigarette maker Altria Group Inc., which owns a 27 per cent stake — but also of the two board members representing the Santo Domingo family, which controls 14 per cent of SABMiller. Instead, the Santo Domingo family joined the majority of the board in voting against the offer.
The revised proposal offers SABMiller’s shareholders £43.50 a share in cash, up from £42.15 a share last Wednesday. The proposed bid also offers a partial-share alternative for 41 per cent of the stock, essentially a combination of cash and stock translating into a lower per-share price of £38.88 — up from £37.49 a share.
The partial-share alternative is designed to appeal to Altria and Colombia’s Santo Domingo family. The alternative offers both holders tax and accounting advantages, along with the opportunity to keep a stake in the combined company. AB InBev made the deal more lucrative by raising the cash offer to those shareholders by 50 per cent to £3.56 per share from last week’s offer of £2.37 per share.
AB InBev, the maker of Budweiser and Stella Artois and the world’s largest brewer, has said it won’t go ahead with a takeover without both holders backing the partial-share plan.
A person familiar with AB InBev’s approach said the company’s public proposal last week has made it all but impossible to negotiate with SABMiller.
The result has raised questions on both sides of the deal about whether it can get done, according to people involved in the talks. That doubt stems from the reticence of the Santo Domingo family. AB InBev representatives discussed their offer with the family before making it last week and were surprised they didn’t have the Santo Domingo’s support.
On Friday, two other large SABMiller shareholders — Aberdeen Asset Management and Poland’s Kulczyk Investments — said publicly that they too supported SABMiller’s board and encouraged AB InBev to increase its offer. Both shareholders declined to comment on AB InBev’s latest offer. The Santo Domingo family couldn’t be reached for comment.
Analysts were divided on whether the latest offer would have AB InBev’s desired effect. Under UK takeover rules, AB InBev has until October 14 to make a firm offer, as opposed to the current proposal, for SABMiller or walk away for at least six months. The deadline can be extended only if SABMiller requests it.
“We think the most likely scenario is that the increased proposal brings SAB’s board more meaningfully to the negotiating table, and SAB’s board asks for an extension” of the deadline, said Evercore ISI analyst Robert Ottenstein.
Others were less sure. The UK brewer has, so far, shown no signs of agreeing to AB InBev’s advances.
“They’re trying to get SABMiller to open the door and I don’t think this is going as they’d hoped,” said Caroline Levy, an analyst with CLSA. “They’re playing it down to the wire and hoping for an extension.”
A spokeswoman for SABMiller declined to comment on the latest proposal.
AB InBev’s push for SABMiller comes as the Belgian brewer finds itself operating in less desirable markets than its UK rival. In the US and Brazil, which account for about half of AB InBev’s total sales, combined beer volume fell 3.9 per cent over the first half of the year to about 80.5 million barrels from 83.7 million barrels.
Consumption in developed markets has slowed so much that the global beer market is expected to decline this year for the first time in 30 years, falling by 0.1 per cent, according to industry tracker Plato Logic. The bulk of global growth will come from Africa, which is expected to grow by 2.6 per cent.
SABMiller operates across Africa and has a commanding position on the fast-growing continent. It also has a better footprint than AB InBev in Latin America where SABMiller markets like Peru and Colombia helped the company deliver a 6 per cent increase in beverage volume from the region over the first half of the year.
SABMiller brings “solutions” to AB InBev while AB InBev only brings “problems” to SABMiller, said HSBC analyst Carlos Laboy.
He added that if he were SABMiller, he would say, “Why do I want to accept the burden and weight of the difficulties you bring?”
With Saabira Chaudhuri
Wall Street Journal

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19-10-2015, 07:59 AM.
Post: #122
RE: Thai Beverage Public Company
beverages - ThaiBev: Next goal is top five in Asia


469 words
12 Oct 2015
Bangkok Post
BKPOST

English

Thai Beverage Plc (ThaiBev) has set a new goal: it wants to become one of the top five beverage companies in Asia by 2020.
In the meantime, it is going ahead with plans to invest 5-8 billion baht a year on expanding its marketing and distribution in Asean, excluding mergers and acquisitions, as set out in its Vision 2020 strategy plan.

ThaiBev, the producer of Change beer, already has a controlling 14% share of the Asean market, helped by its takeover of Singapore's Fraser and Neave.
Thapana Sirivadhanabhakdi, president and chief executive of ThaiBev, said: "ThaiBev aims to be among the top five beverage brands in Asia by 2020. The company will maintain its strategy, which we believe will help us achieve that goal."
Mr Thapana said its Asean expansion plan would include Vietnam, Laos, Indonesia, Brunei, Malaysia and the Philippines.
"Our investment plan is for the long term as we believe the economy will improve in the future and Asean has a lot of opportunities when the single market takes place by the year-end," he said.
This year, ThaiBev is confident its revenue will grow by 10-15% despite the economic slowdown and weak consumption.
ThaiBev will focus on building on its strong brand in Asean and the Asian market, using its business synergy in each country to move forward its brands and products.
Apart from its organic growth, ThaiBev plans to grow its business through mergers and acquisitions.
"We are talking with the authorities in Vietnam to acquire a stake in Sabeco, Vietnam's largest beverage producer. We also plan to set up a beer factory in Myanmar as well," Mr Thapana said.
According to the Singapore Exchange, ThaiBev reported that in the first six months of 2015, its revenue rose by 4.5% year-on-year to 84.6 billion baht, with net profit up by 8.2% to 12.4 billion baht.
Ueychai Tantha-obhas, ThaiBev's group executive vice-president for sales of spirits business, said it would put more focus on getting more of its products to reach customers in both domestic and overseas markets.
The company expects the local white spirits and liquor market this year will grow by 2-3% as customers shift away from the more expensive beer.
"The economic downturn has shrunk people's spending power, so customers are turning to white spirits and liquors, which are cheaper than beer," Mr Ueychai said.
However, the company plans to import two brands of single malt Scotch whisky to serve the domestic market, which costs between 2,500 baht and 8,000 baht a bottle.
Mr Ueychai expects the government's stimulus measures will boost the economy and lift customer confidence and purchasing power by early next year.


The Post Publishing Public Company Limited

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19-10-2015, 10:02 PM.
Post: #123
Thai Beverage Public Company
Who are the current top five?

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13-11-2015, 11:14 AM.
Post: #124
RE: Thai Beverage Public Company
yah ThaiBei next stock to watch out for, together with a few others Smile
http://www.theedgemarkets.com/sg/article...olden-agri

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13-01-2016, 03:29 PM.
Post: #125
RE: Thai Beverage Public Company
Thai Beverage gains on reports of European acquisition

SINGAPORE (Jan 13): Thai Beverage was up as much as 1.5% at $0.685 after the Singapore-listed firm is cited as one of the bidders for well-known European beer brands Peroni and Grolsch in a deal that could top US$3 billion ($4.3 billion).

The two brands are being sold to win clearance for the megamerger of Anheuser-Busch InBev NV and SABMiller PLC, The Wall Street Journal reported on Tuesday.

Asahi Group Holdings of Japan and San Miguel Corp. of the Philippines are other likely Asian bidders, according to people familiar with the situation.
...
http://www.theedgemarkets.com/sg/article...cquisition
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09-09-2016, 11:38 AM.
Post: #126
RE: Thai Beverage Public Company
The competition on the brewery Sabeco, is crowded, with major global players...

(not vested)

ThaiBev, F&N mulling acquisition of leading Vietnamese brewery Sabeco

http://sbr.com.sg/food-beverage/news/tha...ery-sabeco
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08-08-2017, 07:50 PM.
Post: #127
RE: Thai Beverage Public Company
Thai Baht 11.3 billion = SGD 463.3 million

ThaiBev to Expand Food Business with the Acquisition of KFC Stores in Thailand

Thai Beverage Public Company Limited today announced that its subsidiary, The QSR of Asia Co., Ltd. has entered into an asset sale and purchase agreement with Yum Restaurants International (Thailand) Co., Ltd. to acquire more than 240 existing and a number of developing KFC stores in Thailand. The preliminary amount of consideration for the existing KFC stores is approximately Thai Baht 11.3 billion (including VAT), and an additional amount of consideration for the developing KFC stores which will be determined at closing. This will enable ThaiBev to expand further into the food business and to capture the current lifestyle of consumers within the quick service restaurant segment.

More details in :
1. http://infopub.sgx.com/FileOpen/Press_Re...eID=466151
2. http://infopub.sgx.com/FileOpen/ASPA.ash...eID=466150
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12-12-2017, 12:49 PM.
Post: #128
RE: Thai Beverage Public Company
Request for Trading Halt : Pending for announcement.
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29-11-2019, 06:46 PM.
Post: #129
RE: Thai Beverage Public Company
Thai Beverage plans Singapore IPO of up to $3 billion: sources

Anshuman Daga, Scott Murdoch
NOVEMBER 29, 2019 / 1:53 PM

SINGAPORE (Reuters) - Thai billionaire Charoen Sirivadhanabhakdi’s Thai Beverage (TBEV.SI) is planning a Singapore IPO of some of its regional beer assets in a float that could raise $2 billion to $3 billion next year, sources familiar with the matter said on Friday.

The Singapore-listed company has tapped banks for the listing of a unit which could house its beer assets in Vietnam and Thailand, a source said on condition of anonymity as he was not authorized to speak to the media. Details of the fund raising have not been finalised, he said.

The company is working with Bank of America, Citigroup, DBS, HSBC and Morgan Stanley, according to two sources, on a potential IPO that one person said could occur mid next year.

Thai Bev’s shares were put on a trading halt pending an announcement after the stock rose 5.2 percent.

A Singapore IPO of just over $2 billion would make it the biggest in the city-state in about six years, while an issue of more than $3 billion would rank as the largest since 2010, according to Refinitiv data.

Thai Bev did not immediately respond to a query from Reuters.

Citigroup, HSBC and Morgan Stanley declined to comment on the banks’ participation in the deal, while Bank of America and DBS did not immediately respond.

More details in https://www.reuters.com/article/us-thai-...SKBN1Y30HV

See also https://links.sgx.com/FileOpen/ThaiBev_R...eID=587873
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