M&A in beer industry
The Ministry of Industry and Trade has not yet completed talks to sell its ownership in the Ha Noi Beer, Alcohol and Beverage Corporation (Habeco) to the Danish brewer Carlsberg, according to officials.
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.
The Hanoi Beer Alcohol and Beverage Corporation (Habeco, Code: BHN) will soon seek shareholders’ written opinions on it listing on the Ho Chi Minh Stock Exchange (HoSE) in the fourth quarter.
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.
Sapporo Holdings is keen to acquire Czech brewer Pilsner Urquell, its president has told just-drinks, but only if the unit is separated from Anheuser-Busch InBev’s other former SABMiller assets.
Vietnam’s third largest brewer has become one of the most sought-after companies. Eight years after its initial public offering, Habeco finally had its market debut late last month and quickly became one of the most sought-after listed companies.
The Saigon Alcohol Beer and Beverages Corporation (Sabeco) recorded impressive growth during the third quarter of 2016 as it nears a possible listing on the Ho Chi Minh Stock Exchange (HoSE) in the fourth quarter.
Some of Vietnam’s most sought-after corporations are preparing to open their doors to more foreign investment, but the government’s divestment timeline remains inexact, along with its plans to raise the foreign investment cap.
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.