Thai Beverage revives plan to offload 20% stake in regional beer assets

Thai Beverage revives plan to offload 20% stake in regional beer assets

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

Singapore-listed Thai Beverage is looking to raise as much as $1 billion through the revived Singapore initial public offering (IPO) of its regional beer business this year, two sources familiar with the matter said on Thursday.

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