The Ministry of Industry and Trade (MoIT) issued a decision to establish a steering committee for the sale of shares of two leading brewery companies. Sai Gon Alcohol, Beer and Beverages Corp. (Sabeco) and Hanoi Beer Alcohol and Beverage JSC … Continue reading
Oct 7 Vietnam’s government will list all its shares of top state-owned brewers, Sabeco and Habeco, on local stock exchanges before considering allowing any international industrial buyer to take a controlling stake, a senior industry and trade ministry official said.
Deputy Prime Minister Truong Hoa Binh has directed the Ministry of Industry and Trade (MoIT) to review the appointment of Mr. Vu Quang Hai, Deputy CEO of the Saigon Beer Alcohol Beverage Joint Stock Corporation (Sabeco).
The government is striving to receive the best prices and protect Vietnamese brands as it implements its plan of divesting itself from big state-owned enterprises.
The brewers’ share debuts were originally scheduled by the end of 2016. Listings by Vietnamese brewers Sabeco and Habeco could be delayed until the first quarter of 2017, a minister said, due to the completion of formalities and talks with … Continue reading
Estimated total deal value is $2.9B. With Vietnam’s government proposing to sell off Saigon Beer, Alcohol, Beverage Corporation (Sabeco) and Hanoi Alcohol Beer & Beverages Corp (Habeco) for an estimated total of US$2.2b (S$2.9b), various media outlets have revealed that … Continue reading
Vietnam has given the green light for the country’s biggest brewer, Sabeco, to list shares in Ho Chi Minh by December as part of a long-awaited privatisation set to offer investors a slug of Asia’s third-biggest beer market after China … Continue reading
SABECO is seeking approval for stock listing. Thai Beverage (ThaiBev) is setting its sights on a stake in Vietnam’s largest brewer SABECO (Saigon Beer, Alcohol, Beverage Corporation).
Vietnam’s biggest brewer Sabeco has taken a step towards a long-awaited listing on the Ho Chi Minh stock exchange, a government official said on Thursday, some eight years after the company held an initial public offering (IPO).
Two of the 12 state-owned enterprises (SOEs) to be sold by 2017, as instructed by Prime Minister Nguyen Xuan Phuc, are Sabeco and Habeco, the two largest breweries in Vietnam. The state holds a 89.59 percent and 81.79 percent stake, … Continue reading