Thailand: Sermsuk's major shareholder sells its stake to So Water for $277m

Thai Beverage Logistics has sold its 64.66-per-cent stake in soft drink maker Sermsuk Pcl to So Water Co Ltd for 9.97 billion baht ($277 million), according to Sermsuk’s statement to the Stock Exchange of Thailand (SET).

The share divestment is a part of the internal shareholding restructuring process of Thai Beverage Plc, which wholly owns Thai Beverage Logistics and So Water direct and indirectly, respectively.

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