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 309,200 dong since its listing a year ago.The trade ministry said in a statement on Sunday that two investors had registered to participate in the Dec. 18 sale auction for a stake in Sabeco, with Thai Bev’s unit Vietnam Beverage wanting to buy all shares on offer worth around 54 percent of Sabeco.The other investor is a Vietnamese individual who registered to buy 20,000 Sabeco shares, or 0.003 percent of Sabeco, the ministry said.The formal bid is scheduled for Monday when the two investors submit their bidding prices.Vietnam’s young population and booming economy should make Sabeco an attractive asset for global brewers hoping to expand in Southeast Asia, but… Read full this story
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