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Singha Estate plans deals to help brewer parent diversify

Chairman says assets and properties in Europe are interesting and available at a discount

Bangkok

WITH a US$1.5 billion warchest, the real estate arm of Thailand's Boon Rawd Brewery is looking to strike deals to help its parent diversify, with its chairman highlighting Europe as an "interesting" market.

Singha Estate has made a string of acquisitions in Thailand, the UK, and the Maldives since its initial public offering in 2014.

Chairman Chutinant Bhirombhakdi told Reuters in an interview on Thursday there was more to come.

"We are somewhat a late-comer to property development," he said,...

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