The statement comes after a March 16 article in Bloomberg said that the group was exploring options for its spirits business, which includes an initial public offering (IPO) in Singapore.
According to Bloomberg’s sources, the group has held initial discussions with banks on alternatives including selling a stake in its best-selling liquor brands, Mekhong and Ruang Khao.
A deal would have valued ThaiBev at US$5 billion ($6.73 billion) at least, based on the estimates given by Bloomberg’s sources.
As at 9.07am, shares in ThaiBev are trading 1 cent higher or 1.60% up at 63.5 cents.
