CPF invests 335 million baht to acquire 51% stake in Brew Factory

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Summary · why it matters

Charoen Pokphand Foods Public Company Limited (CPF) has announced that its indirect subsidiary, CPF Food and Beverage Company Limited (CPFFB), in which CPF holds a 99.99% stake, will invest in Brew Factory Company Limited (BREW), a producer and distributor of bottled drinking water and mineral water from Surin Province. CPFFB will acquire ordinary shares from existing shareholders, representing 43.60% of BREW's issued and paid-up shares, for 235.3 million baht, and will subscribe to 184,400 newly issued shares for 99.4 million baht, bringing the total investment to 334.7 million baht, equivalent to a 51% stake in BREW. This investment aligns with CPF Group's plan to expand into the drinking water business, which is linked to its core operations and has growth potential.

Impact on assets 1

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Off-coverage companies 2

Brew Factory Co., Ltd.i
Private▲ PositiveCapitalrelevance

Brew Factory receives a 334.7 million baht investment from CPFFB for a 51% controlling stake.

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Private▲ PositiveCapitalrelevance

CPF Food and Beverage, the CPF subsidiary, makes the 334.7 million baht investment to acquire 51% of Brew Factory.