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Thai Beverage wins near $5-bn auction for Vietnamese brewer Sabeco

Thai Beverage (Thai Bev) emerged as the only buyer for the 54 percent stake in Sabeco that was up for grabs

Reuters  |  Ho Chi Minh City/Singapore 

Thai Beverage, through a local unit, won the rights to buy a majority stake worth $4.84 billion in Vietnam's top brewer Sabeco in an auction that marked the country's biggest ever privatisation process. Vietnam's young population and booming economy has made the state-owned maker of Bia Saigon an attractive asset for global players hoping to expand in Southeast Asia, but political resistance, a high minimum bid price and a cap on foreign ownership have deterred buyers. Thai Beverage (Thai Bev) emerged as the only buyer for the 54 percent stake in Sabeco that was up ...

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First Published: Mon, December 18 2017. 15:27 IST
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