ThaiBev strong contender to win up to 54% stake in Vietnam's Sabeco

(Dec 10): Brewing groups including ThaiBeverage, Anheuser-Busch InBev and Kirin Holdings are gearing up to bid for a stake in Vietnam's largest brewer, Sabeco, people familiar with the matter said, with the US$5 billion ($6.76 billion) sale process by the government opening this week.

The auction of up to 54% of Sabeco, 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.

Sabeco is seen as attractive as assets are scarce in a highly consolidated global beer market.

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