Deals
ThaiBev Is Chief Bidder for Vietnam Beer Stake Deemed Pricey
- Company registers to buy at least 25% of Vietnam beer company
- Stake in Sabeco would be valued at more than $2 billion
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Vietnam’s largest stake sale is drawing tepid response as Thai Beverage Pcl emerges as the sole bidder willing to fork out more than $2 billion for a stake in Saigon Beer Alcohol Beverage Corp.
A unit of ThaiBev is the only investor to register to buy at least a 25 percent stake in Vietnam’s largest beer company known as Sabeco, according to the Vietnam trade ministry’s website. The closing date for registration for a stake of more than 25 percent was on Monday, though other companies can still bid for less than that amount at the Dec. 18 auction.