ThaiBev acquires restaurant chain
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Thai Beverage Public Co (ThaiBev) has bought a 76 per cent stake in Thailand restaurant chain Spice of Asia for THB114.5 million (US$3.4 million).
Funding for the acquisition will come from internal resources, says the F&B giant.
Spice of Asia has 10 restaurants under four brands – Cafe Chilli, Chilli Thai Restaurant, Eat Pot and Pot Ministry, serving Thai food and hotpot concepts. The acquired stake will be held by ThaiBev subsidiary Food of Asia.
Questions & Answers
Q.What is the total value of ThaiBev's acquisition of Spice of Asia?
What is the total value of ThaiBev's acquisition of Spice of Asia?
ThaiBev acquired a 76 per cent stake in Spice of Asia for THB114.5 million, which is equivalent to US$3.4 million. This figure represents the cost of the majority stake bought by Thai Beverage Public Co.
Q.How many restaurant brands does Spice of Asia operate?
How many restaurant brands does Spice of Asia operate?
Spice of Asia operates four distinct restaurant brands. These brands include Cafe Chilli, Chilli Thai Restaurant, Eat Pot, and Pot Ministry, offering Thai food and hotpot concepts to customers.
Q.Which subsidiary will hold the newly acquired stake in Spice of Asia?
Which subsidiary will hold the newly acquired stake in Spice of Asia?
The 76 per cent stake in Spice of Asia will be held by Food of Asia. This company is a subsidiary of Thai Beverage Public Co, the F&B giant that completed the acquisition.
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