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Monetising Frasers stake could be brewing for ThaiBev: DBS

Analysts see group divesting FCL to focus on expanding its food and beverage business

Published Tue, Dec 19, 2017 · 09:50 PM

Singapore

FOLLOWING its win to buy a majority stake in Vietnam's largest state-owned brewer Saigon Beer Alcohol Beverage Joint Stock Corp (Sabeco), Thai Beverage Public Co Ltd (ThaiBev) could be monetising its stake in Frasers Centrepoint Limited (FCL) next, which is worth about S$1.7 billion, one analyst predicts.

An equity research report by DBS on Tuesday said that assuming a total divestment at the curr…

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