Thai Beverage said to plan SG IPO of beer assets to raise up to $3b

Thai Beverage said to plan SG IPO of beer assets to raise up to $3b

Billionaire Charoen Sirivadhanabhakdi, chairman of Thai Beverage Pcl, speaks with guests as he attends a charity event in Bangkok, Thailand, on Wednesday, Oct. 15, 2014. Photographer: Dario Pignatelli/Bloomberg

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, a source familiar with the matter said on Friday.