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Thai Bev seeks to buy a near $5 bn stake in Vietnamese brewer Sabeco

The government has set a minimum sale price of 320,000 dong or $14.10 per share for Saigon Beer Alcohol Beverage Corp, Sabeco

Reuters  |  Ho Chi Minh City/Singapore 

Vietnam's trade ministry said on Sunday that Vietnam Beverage Co Ltd, a unit of Thai Beverage, was the only investor seeking to buy all shares of Vietnamese brewer Sabeco on offer worth nearly $5 billion. The keenly anticipated sale of the state-owned maker of Bia Saigon gained momentum in recent months after being hampered for years by political resistance, fickle policy-making and complications over valuations. The government has set a minimum sale price of 320,000 dong or $14.10 per share for Saigon Beer Alcohol Beverage Corp (Sabeco), whose shares have nearly trebled to ...

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First Published: Sun, December 17 2017. 20:27 IST
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