With the Vietnamese government set to sell major stakes in two state-run beer producers, Japanese and European brewers hope to jump in and capitalize on the country’s growing suds market.
Japanese brewer Asahi and a consortium led by Swiss investment firm Jacobs Holding have made it onto the shortlist of bidders for SABMiller’s eastern European beer brands, sources familiar with the matter said.
Japanese brewer Asahi Group Holdings may have been slower than its peers to expand abroad, but the company is poised to catch up with a string of acquisitions in western Europe.
Following its acquisition of SABMiller’s well-known European beer brands, Asahi Europe has appointed the brewer’s group senior counsel commercial Edward Perks as its head of legal and company secretary.
Japanese Asahi Group Holdings Ltd., and Kirin Holdings Co. are considering bidding for shares of Saigon Beer, Alcohol and Beverage (Sabeco) in the auction expected to be held next month, according to newswire Nikkei.
The brands, which include Pilsner Urquell in Czech Republic and Tyskie and Lech in Poland, are worth more than 5 billion euros ($5.5 billion).
Japan’s Asahi Group Holdings and Kirin Holdings are considering bidding for shares of Vietnamese state-owned brewer Saigon Beer Alcohol Beverage, in an auction that could come as soon as next month.
Asahi Group Holdings plans to offer more than 500 billion yen ($4.87 billion) for British brewer SABMiller’s beer operations in five Eastern European countries, aiming to firm up its footing on the Continent amid a slew of global market shifts.
Who’s in pole position to buy a stake in Vietnam’s biggest brewer? AB InBev and SABMiller, Heineken, Asahi, Kirin, ThaiBev and Singha Asia have all registered to bid for stakes in state-owned Sabeco, maker of Saigon Beer and 333. With … Continue reading
Japan’s beer makers keep a grip on their home markets while branching out abroad. In an era when Budweiser is sold by a Belgium-based company and California’s Lagunitas IPA is partly Dutch-owned, Japanese beer has remained in Japan’s hands, away … Continue reading