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.
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