Deals
Potential Sabeco Bidder Says Vinamilk Valuation Is Benchmark
- Vietnam’s largest brewery now valued at about $8.1 billion
- Fraser and Neave interested in Sabeco at the right price
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A potential bidder for Saigon Beer Alcohol Beverage Corp. says Vietnam’s biggest brewer is too expensive at its current share price and the valuation of the nation’s largest consumer company should be the benchmark.
Vietnam Dairy Products JSC, also known as Vinamilk, would make a good yardstick for comparison as both are market leaders in growing categories, according to Hui Choon Kit, chief financial officer of Fraser and Neave Ltd. His company is a vehicle for Thai Beverage PCL’s international expansion and also owns a stake in Vinamilk.