Conglomerate

Thai Beverage (Chang)

Bangkok, Thailand

Dossier

Who they are

Southeast Asian beverage giant behind Chang beer, and the majority owner of Vietnam's SABECO.

Beyond Beer

The Umbrella

Ho Chi Minh City, Vietnam

333 and Bia Saigon own Vietnam. The 2017 sale to ThaiBev was one of the biggest beverage deals Asia has seen.

Bangkok, Thailand

Chang launched in 1994 aimed squarely at Singha's price point, and took most of Thailand within ten years.