Asahi President Says Valuation of Vietnam's Biggest Brewery Is 'Very High'
- Japanese company registered to bid last year for brewery stake
- Vietnam’s largest brewery now valued at about $7.5 billion
Bottles of beer are illuminated to check volume levels on the bottling line.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Saigon Beer Alcohol Beverage Corp. is expensive at its current valuation, according to Asahi Group Holdings Ltd., a potential bidder for Vietnam’s biggest brewery whose market capitalization has soared to $7.5 billion after the government put its stake on the block.
“The valuation is very high. Sabeco’s stock hasn’t gone down at all,” Asahi President and Chief Operating Officer Akiyoshi Koji said in an interview Thursday, declining to comment on its interest acquiring a stake of the Vietnamese company. “Compared with our deals in Europe, the multiples for a Sabeco deal would be very high.”