Thailand’s TCC Said to Bid for OCBC’s Beverage Stakes

[syj]

Thailand’s TCC Said to Bid for OCBC’s Beverage Stakes

Thai Beverage Pcl (THBEV), Thailand’s biggest beer maker, said it’s in talks to buy Oversea-Chinese Banking Corp.’s S$2.85 billion ($2.3 billion) stakes in Fraser & Neave Ltd. (FNN) and Asia Pacific Breweries.

OCBC and its Great Eastern Holdings Ltd. (EH) unit are in talks with a bidder for their stakes, according to a stock exchange filing in Singapore July 16. Thai Beverage released the statement on the Singapore exchange following OCBC’s statement and reports of its connection in the transaction, it said.

Brewers including Asahi Group Holdings Ltd. (2502) and Kirin Holdings Co. have said they’re targeting takeovers in Southeast Asia, where young populations and growing economies are spurring beer sales. The population of Indonesia, the Philippines, Vietnam, Thailand and Malaysia will grow to more than 564 million by 2017 from 519 million in 2011, according to International Monetary Fund estimates compiled by Bloomberg.

“If you look at beer makers’ profitability, the more share they have, the more margin they get,” said Masashi Mori, an analyst at Deutsche Bank AG in Tokyo. “So both internally and externally, the size expansion is the tried and true tactic for beer makers.”

Thai Beverage is also Thailand’s largest whiskey producer. Shares of Fraser & Neave, Singapore’s biggest beverage maker, and Asia Pacific Breweries (APB) climbed to an all-time high yesterday after OCBC’s announcement.

“The company is presently in discussions to explore the possibility of acquiring the shareholders referred to in the joint announcement” by OCBC and Great Eastern, Thapana Sirivadhanabhakdi, Thai Beverage’s chief executive officer, said in the statement today. “No definitive binding agreement has yet been entered into.”

Heineken’s Stake

The stake in Fraser & Neave was worth S$2.1 billion at yesterday’s closing price in Singapore, while the Asia Pacific Breweries holding was valued at S$757 million. OCBC, Singapore’s second-biggest bank, and Great Eastern hold 18.2 percent of Fraser & Neave and 7.92 percent of Asia Pacific Breweries, according to their filing.

Thai Beverage is controlled by TCC Group, controlled by Thai billionaire Charoen Sirivadhanabhakdi, who also owns companies in industries ranging from insurance to property development.

Charoen wasn’t available to comment because he is traveling, according to a person who answered the phone at his office in Bangkok yesterday and declined to be identified. Koh Ching Ching, a spokeswoman for OCBC, also declined to comment yesterday.

Kirin, Heineken

Kirin, Japan’s largest brewer by market value, bought 14.7 percent of Fraser & Neave two years ago for S$1.34 billion, paying S$6.50 each per share. The stock rose 2.5 percent yesterday to close at S$8.10.

Heineken NV (HEIA), the world’s third-largest brewer, owns a 42 percent stake in Asia Pacific Breweries, the maker of Tiger beer. Fraser & Neave owns 40 percent. The brewer’s shares jumped 6.7 percent to close at S$37 yesterday.

Heineken said yesterday in a statement that it has noted the announcement on Fraser & Neave and Asia Pacific Breweries and is “actively considering” its options. The company didn’t say whether it plans to make an offer for Asia Pacific Breweries. Kirin (2503) spokesman Kan Yamamoto declined to comment.

Charoen was born and raised in Bangkok’s Chinatown district after his parents moved from Shantau in China, according to TCC’s website.

He started a trading business that supplied distilleries, and became a distiller after being awarded concessions to produce liquor in Thailand. Charoen bid for the rights to operate distilleries under the Sang Som Group during the liberalization of the nation’s liquor industry, and later expanded into beer, alcohol, sugar, and packaging businesses, according to the company.

Thai Beverage sold shares in Singapore in 2006 after anti- alcohol protesters blocked an offering in its home market. The company offered to buy Serm Suk Pcl (SSC), the bottler of PepsiCo Inc. (PEP) beverages in the Southeast Asian nation, for as much as 15.4 billion baht ($488 million) last September, saying the purchase will allow it to expand its “non-alcoholic product portfolio.”

To contact the reporters on this story: Cathy Chan in Hong Kong at [email protected]; Elffie Chew in Kuala Lumpur at [email protected]; Joyce Koh in Singapore at [email protected]

To contact the editor responsible for this story: Philip Lagerkranser at [email protected]

Find out more about Bloomberg for iPad: http://m.bloomberg.com/ipad/

[Ii'8N]

http://bit.ly/Mgsn7s
http://www.bangkokbiznews.com/home/deta ... B9%8C.html

ธุรกิจ
วันที่ 17 กรกฎาคม 2555 21:25
'เจริญ'ทุ่ม 6.6หมื่นล้านเสนอซื้อหุ้น 2บริษัทสิงคโปร์

โดย : กรุงเทพธุรกิจออนไลน์

กลุ่ม"เจริญ สิริวัฒนภักดี" เสนอซื้อหุ้น 2 บริษัทชั้นนำสิงคโปร์ เอฟแอนด์เอ็น และเอพีบี เจ้าของเบียร์ไทเกอร์ มูลค่ารวมประมาณ 66,650 ล้านบาท

สำนักข่าวรอยเตอร์อ้างแหล่งข่าวว่า กลุ่มนายเจริญ สิริวัฒนภักดี ยื่นข้อเสนอซื้อหุ้นเฟรเซอร์ แอนด์ นีฟ (เอฟแอนด์เอ็น) ผู้ดำเนินธุรกิจอาหารและเครื่องดื่ม อสังหาริมทรัพย์ และสิ่งพิมพ์ของสิงคโปร์ จากธนาคารโอเวอร์ซี-ไชนีสแบงกิ้งคอร์ปอเรชั่น (โอซีบีซี) และเกรทอีสต์เทิร์นโฮลดิงส์ บริษัทประกันในเครือ คิดเป็นมูลค่าเกือบ 1,600 ล้านดอลลาร์ หรือประมาณ 49,600 ล้านบาท

นอกจากนี้ กลุ่มของนายเจริญยังเสนอซื้อหุ้น 7.9% ในเอเชียแปซิฟิกบริวเวอรี่ (เอพีบี) มูลค่า 550 ล้านดอลลาร์ หรือประมาณ 17,050 ล้านบาท ซึ่งอยู่ในครอบครองของโอซีบีซี และเกรทอีสต์เทิร์นโฮลดิงส์ เช่นเดียวกัน โดยเอพีบี เป็นบริษัทร่วมทุนระหว่างเอฟแอนด์เอ็น และไฮเนเก้น ผู้ผลิตเบียร์ชื่อดังแห่งเนเธอร์แลนด์

หุ้นของบริษัททั้งสองมีมูลค่ารวมกันประมาณ 2,150 ล้านดอลลาร์ หรือประมาณ 66,650 ล้านบาท ตามราคาปิดตลาดเมื่อวันจันทร์ (16 ก.ค.)

F&N นี่มีชื่อมากในวงการเครื่องดื่มนะครับ

สินค้าที่เราเห็นในไทยก็คุ้นใน supermarket เพียงแต่เราอาจไม่คุ้นชื่อบริษัท

http://www.fnthaidairies.com/th/about_fn/about_us.aspx

[kongkiti]

ThaiBev discloses growth plan
Published: 19/07/2012 at 02:02 AM
Newspaper section: Business
http://www.bangkokpost.com/business/eco ... rowth-plan

Thai Beverage Plc (ThaiBev), Thailand's largest maker of alcoholic beverages, will spend 1.1 billion baht to build two more logistics centres as part of its aggressive plan to strengthen its distribution networks in Thailand and neighbouring countries.

One of the centres will be in northern Thailand.

The two centres are part of its five-year plan to 2013 to spend 2.5 billion baht to open four or five hubs nationwide.

Three logistic centres costing a combined 1.4 billion baht have already been opened in Nakhon Ratchasima, Chon Buri and Surat Thani provinces.

Wanchai Sarathulthat, the chairman of Thai Beverage Logistics Co, a subsidiary of ThaiBev, said his company officially opened its first logistics centre in Nakhon Ratchasima yesterday.

The facility, located on a 400-rai plot, has warehouse space of 10,000 square metres.

The second centre is in Chon Buri, with 7,800 sq m of warehouse space, while the third is in Surat Thani.

Prior to building these warehouses, the company operated 80 small warehouses nationwide with a fleet of 1,800 pickup trucks.

After opening the three logistics centres, some small warehouses located near them will be consolidated.

"The opening of its new logistics centre in each region will help boost distribution efficiency and streamline transportation costs by 10% per year," he said, adding that the new logistic system will respond to the plan to explore new business opportunities when the Asean Economic Community takes shape in 2015.

At the same time, the company will be able to deliver products to many destinations within one day, compared with three days in the past.

The company expects sales of Thai Beverage Logistics to grow by 7-8% this year from last year's sales of 2.4 to 2.5 billion baht, for a net profit of 100 million.

ThaiBev yesterday confirmed its negotiations to buy stakes in Singapore's Fraser and Neave (F&N) and Asia Pacific Breweries (APB).

Charlotte Donavanik, ThaiBev's vice-president for corporate communications, said top executives at the office in Singapore confirmed the move to buy the stakes from Oversea-Chinese Banking Corporation and Great Eastern Holdings Ltd, an insurance firm.

[CHiNU_Vi]

http://ceylon-ananda.blogspot.com/2012/ ... -ocbc.html

[CHiNU_Vi]

Heineken To Block Thai Billionaire With $6 Billion Bid

Heineken NV (HEIA), the world’s third- biggest brewer, will offer as much as $6 billion for Asia Pacific Breweries Ltd. (APB), blocking one of Thailand’s richest men from building his influence in the maker of Tiger beer.
Heineken, with 42 percent of Asia Pacific Breweries, or APB, will pay as much as S$7.5 billion ($6 billion) to buy out other shareholders in the Singapore company, including the 40 percent stake held by Fraser and Neave Ltd., or F&N. Thai Beverage Pcl (THBEV), controlled by billionaire Charoen Sirivadhanabhakdi’s TCC group, this week offered to buy a 22 percent stake in F&N while his son-in-law’s company is buying about 8.4 percent of APB.
Continue...http://www.bloomberg.com/news/2012-07-2 ... ssets.html

[CHiNU_Vi]

UPDATE: Kirin Considering Bid for Fraser & Neave's Soft-Drink, Dairy Assets

--Kirin Holdings is considering a bid for the soft-drink and dairy assets of Fraser & Neave, according to people familiar with the matter

--Kirin's planned move follows Heineken NV's US$4.1 billion offer last week to buy out Fraser & Neave's stake in Asia Pacific Breweries Ltd.

--One of the people said Kirin may present a price range as early as this week

(Adds comment on Kirin's intentions in 8th, 9th paragraphs)

By P.R. Venkat and Kana Inagaki

SINGAPORE--Japanese beverage giant Kirin Holdings Co. (2503.TO) is considering a bid for the soft-drink and dairy assets of Singapore conglomerate Fraser & Neave Ltd. (F99.SG), people familiar with the situation said Thursday.

The Japanese group is considering a bid for the conglomerate's Malaysian unit, Fraser & Neave Holdings Bhd. (3689.KU) and brands such as isotonic drink 100 Plus, Seasons and Fruit Tree, the people said.

Kirin already owns a 15% stake in Fraser & Neave that it acquired from Singapore state investment firm Temasek Holdings (TEMACH.YY) in 2010.

The planned move follows Heineken NV's (HINKY) 5.1 billion Singapore dollar (US$4.1 billion) offer last week to buy out Fraser & Neave's stake in Asia Pacific Breweries Ltd. (A46.SG), a joint venture between Heineken and Fraser & Neave.

"Kirin wants to ride on the current momentum," one person familiar with the matter said, adding that a potential bid for Asia Pacific Breweries could be complicated.

The person also said the market capitalization for the soft-drink business is around US$2 billion and that funding the acquisition could be achieved easily .

A Fraser & Neave spokeswoman declined to comment, as did a spokesman for Kirin.

Another person familiar with the negotiations said Kirin will likely present the price of its bid to Fraser & Neave before a board meeting at Fraser & Neave on Friday. The board members are expected to discuss whether they will recommend that shareholders take the Heineken offer.

The person added that Kirin is considering the bid because it thinks Fraser & Neave might be willing to split off its assets, which span beer, food and property. Fraser & Neave's beer business contributed about 44% of group earnings in the six months through March, compared with 19% for property and 28% from the non-beer business.

Kirin has been weighing various options after Heineken's bid last week to take control of Asia Pacific Breweries. People familiar with the matter said Monday that Kirin is in early discussions with bankers about a potential bid for Asia Pacific Breweries.

Asia Pacific Breweries has a strong presence in countries such as Singapore, Malaysia, Indonesia and Vietnam. Kirin is looking to expand beyond its domestic market, where the company's sales are slipping.

Kirin--the second-largest Japanese brewer by domestic market share after Asahi Group Holdings Ltd.--has already spent more than 1 trillion yen (US$12.74 billion) on overseas acquisitions since 2007.

Apart from buying a stake in San Miguel, Kirin last year bought Schincariol, a Brazilian brewer, for $3.9 billion.

"Considering the resources it has left, Kirin felt it would be difficult to win a tough price battle over the beer business," one of the people familiar with the negotiations said.

The Heineken bid to buy out Fraser & Neave's stake in Asia Pacific Breweries came just days after a company controlled by Thai tycoon Charoen Sirivadhanabhakdi agreed to buy a 22% in Fraser & Neave from Singaporean bank Oversea-Chinese Banking Corp. Ltd. and its partners.

Hiroyuki Kachi in Tokyo and Kathy Chu in Hong Kong contributed to this article

Write to P.R. Venkat at [email protected] and Kana Inagaki at [email protected].

[คนขายของ]

Wall Street Journal เพิ่งรายงานเมื่อไม่กี่ชั่วโมงมานี้ว่า OCBC ได้เสร็จสิ้นกระบวนการขายหุ้น F&N ประมาณ 22% และ APB ประมาณ 8.6% ให้กับกลุ่มของคุณเจริญแล้ว

ทำให้ตอนนี้กลุ่ม ThaiBev/TCC เป็นกลุ่มผู้ถือหุ้นใหญ่สุดใน F&N อย่างเป็นทางการ เมื่อรวมกับหุ้นที่ทาง ThaiBev ซื้อเอง ขณะนี้ทาง ThaiBev ได้ถือ F&N ประมาณ 26%

SOURCE:http://online.wsj.com/article/BT-CO-201 ... 15551.html

[NT]

เสียดายที่ ThaiBev ไม่ได้อยู่เมืองไทย.. ไม่งั้นผมคงมีหุ้นไปแล้ว.. รอตอนเชื่อมตลาด ราคา ThaiBev ก็คงกระโดดไปแล้ว

[คนขายของ]

ผลประกอบการของ ThaiBev ครับ เพิ่งรายงานวันนี้

Source: http://www.reuters.com

Aug 14 (Reuters) - Singapore-listed Thai Beverage PCL, which is challenging Heineken's bid to take over Tiger Beer maker Asia Pacific Breweries, posted on Tuesday a 64 percent rise in quarterly net profit, helped by higher sales of spirits and non-alcoholic beverages.

ThaiBev earned 5.1 billion baht ($162 million) for the three months ended in June, up from 3.1 billion baht a year earlier. The firm also said it had cash and cash equivalent of 3.9 billion baht at the end of June, up from 3.4 billion baht at end-December 2011.