TTT+Partners advised Thai Beverage Public Company Limited and its subsidiary, InterBev Investment Limited (“IBIL”), on a significant cashless share swap transaction valued at SGD 2.1 billion. As part of this transaction, IBIL transferred 1,130,041,272 ordinary shares in Frasers Property Limited (“FPL”) approximately 28.78% of FPL’s total shares to TCC Group, while TCC Group transferred 601,627,606 ordinary shares in Fraser and Neave, Limited (“F&N”), representing about 41.30% of F&N’s total shares.
Upon completion of the share swap, the Group will divest its interest in FPL’s property business to concentrate exclusively on its food and beverage operations, supported by four main pillars: spirits, beer, non-alcoholic beverages (NAB), and food.
TTT+Partners was led by Veeranuch Thammavaranucupt, working alongside Parithat Chamnongsilp and Nutcha Maneein.
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