What is BeerCo, and which countries does it operate in?

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BeerCo is the regional beer business unit of Thai Beverage, encompassing its brewing operations in Thailand and Vietnam.

BeerCo, the regional beer business of Singapore-listed Thai Beverage, is aiming to raise up to US$1 billion through a revived initial public offering (IPO) in Singapore. This entity consolidates Thai Beverage's brewing activities situated in both Thailand and Vietnam. The potential fundraising size has been adjusted downwards from previous considerations, reflecting market conditions influenced by the COVID-19 pandemic and shifts in valuation metrics.
Operations in Thailand and Vietnam

BeerCo's operational footprint is specifically defined by its brewing activities in two key Southeast Asian markets: Thailand and Vietnam. These two countries form the core of BeerCo's business, as detailed in Thai Beverage's regulatory filings.
Revived IPO Plans

Thai Beverage has reactivated its efforts to list BeerCo, with plans to offer up to a 20% stake through the Singapore IPO. This move follows an earlier attempt to list the unit in early 2020, which was postponed due to the onset of the global pandemic.
Potential Fundraising Scale

While the company has stated it would look to sell up to a 20% stake, sources familiar with the matter suggest that Thai Beverage could ultimately raise approximately US$800 million from the IPO. The final amount is contingent upon prevailing market conditions, with the company itself declining to comment on specific funding figures.

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What is BeerCo, and which countries does it operate in?

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