Get the app today! Download iPhone App Download Android App

Vietnam Aims To Raise $4.8 Billion Selling Stake In Sabeco

Published on Nov 29 2017 11:20 AM in Drinks tagged: Vietnam / Asahi / Saigon Beer / Sabeco

Vietnam Aims To Raise $4.8 Billion Selling Stake In Sabeco

Vietnam is seeking to raise at least $4.8 billion in the country’s biggest stake sale as an offering in a state-run brewer attracts potential bidders including Anheuser-Busch InBev and Asahi Group Holdings.

The government, which owns almost 90% of Saigon Beer Alcohol Beverage Corp., will offer 53.6% of the brewer in a December 18 sale, Truong Thanh Hoai, the Industry and Trade Ministry’s head of industry department, said at a briefing on Wednesday in Ho Chi Minh City.

The initial price has been set at 320,000 dong ($14.05) a share, he said. That will be about 29% more than the average trading price over the past six months through Tuesday.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Share on Tumblr Share via Email