In today’s briefing:
- Betagro Pre-IPO – The Positives – Vertically Integrated and Weathered COVID Well
- True/DTAC: Merger Support Increasingly Tenuous
Betagro Pre-IPO – The Positives – Vertically Integrated and Weathered COVID Well
- Betagro Group (1737144D TB) is looking to raise about US$600m in its upcoming Thailand IPO.
- Betagro is an integrated agro-industrial and food business in Thailand. The firm’s products cover all stages of the food value chain including upstream, midstream and downstream.
- Betagro operates a vertically integrated model with its own production and processing capabilities. Furthermore, it utilizes a range of distribution channels for both domestic and international sales.
True/DTAC: Merger Support Increasingly Tenuous
- Reportedly, the board of the National Broadcasting and Telecommunications Commission (NBTC), Thailand’s telco regulator, has called for a more detailed analysis of the deal’s impact on competition, consumers and industry.
- This follows recent calls by Thailand’s opposition Move Forward party urging the NBTC to block Total Access Communication (DTAC TB) / True Corp Pcl (TRUE TB)‘s merger.
- Both DTAC and True are trading tight to terms – especially True. Time to take down borrow.
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