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AB InBev, Thai Bev, others to line up bids for Vietnam's Sabeco beer

Sources said the $5 billion sale process by the government opens this week

Reuters  |  Singapore/London 

Brewing groups including Thai Beverage, Anheuser-Busch InBev and Kirin Holdings are gearing up to bid for a stake in Vietnam's largest brewer, Sabeco, people familiar with the matter said, with the $5 billion sale process by the government opening this week. The auction of up to 54 percent of Sabeco, in what is set to be Vietnam's biggest privatisation, offers brewers access to a fast-growing market with a youthful population and beer drinking culture. Sabeco is seen as attractive as assets are scarce in a highly consolidated global beer market. Thai Bev, controlled ...

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First Published: Sun, December 10 2017. 20:49 IST