Thailand. ThaiBev looks abroad to grow
Thai Beverage Plc (ThaiBev) will aggressively boost its business footprint in Asean through mergers and acquisitions, including a further stake in Vinamilk, Vietnam’s largest dairy producer. (more…)
Vietnam Government to have $7 billion by selling 12 big SOEs
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, respectively. (more…)
India. AB InBev appoints Pedro Aidar as its Business Unit India president
Aidar has been with maker of Budweiser and Corona beer for over 15 years and previously held the position of vice president – finance for APAC region based out of Shanghai, after which he moved to India last year. (more…)
Myanmar’s beer battle rages amid rumor and confusion
Shortly before dark in the heart of Yangon’s bustling Chinatown, the neon signs for dozens of beer stations flicker to life. (more…)
ThaiBev reorganised to realise Vision 2020
According to the company’s internal announcement on Wednesday, its board of directors has approved a new organizational structure, effective October 1, 2016, to pursue Vision 2020 aspirations in becoming a stable and sustainable ASEAN leader in beverage industry. (more…)
Vietnam. Saigon Beer Can Quench Asahi’s Thirst
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 a price tag of at least $1.8 billion and a government facing a ballooning budget deficit, interested parties don’t need to beat down the door. (more…)
Thai Beverage Public Company Limited Joins In The Race To Capture Vietnam’s Beer Market
Thai Beverage Public Company Limited (SGX: Y92) has an ambitious target of having more than 50% of its revenue coming from outside of Thailand by the year 2020. Currently, the company generates more than 90% of its revenue within Thailand. However, now it seems that the company might be able to move closer to its target as that opportunity is opening up in Vietnam. (more…)
AB InBev, Asahi Among Suitors for Vietnam’s Biggest Brewery
The world’s largest brewers from Europe to Asia are lining up for a chance to buy a stake in Vietnam’s top beer-maker, in a deal worth at least $1.8 billion as consumption in the Southeast Asian country surges. (more…)
Four of Hong Kong’s newest craft beer places – come thirsty, and hungry
Japanese and Australian breweries are among the latest entrants to Hong Kong’s ever growing craft beer scene, and beer flights and small glasses let drinkers sample a range of brews. (more…)
India. Vijay Mallya to remain United Breweries chairman
Responding to a shareholder’s query on Mallya’s status as chairman of the company, Pal said he will continue as chairman of the company. (more…)