Thai Beverage unit to bid for at least 25% of Vietnam's Sabeco

HANOI (Dec 12): A unit of Thai Beverage has emerged as the only prospective bidder for state-owned shares in Sabeco that has declared that it could lead to it owning 25% or more of Vietnam’s biggest brewer, the Trade Ministry said on Monday.

The auction of up to 54% of Sabeco worth at least US$5 billion ($6.8 billion), in what is set to be Vietnam’s biggest privatisation, offers brewers access to a fast-growing market with a youthful population and beer drinking culture.

Investors who want shares that would lead to an ownership of 25% or more in Sabeco have to inform the local authorities and publicise the information a week before the auction date, which is set for Dec 18, according to the rules of the offer.

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