ThaiBev Plans Share Swaps to Expand Business

Thai Beverage, represented by ThaiBev, plans to divest from the real estate sector by exchanging its stake in Frasers Property for a larger share in Fraser & Neave, aiming to focus solely on the food and beverage industry. This strategic move, valued at around $1.60 billion, seeks to enhance its presence in non-alcoholic beverages and dairy products, potentially leading to a re-rating in line with industry peers. The share swap agreement involves transferring ownership percentages between ThaiBev's subsidiaries and TCC Assets, streamlining the company's operations and reinforcing its beverage and food brands in Southeast Asia.