Anheuser-Busch to pay US SEC $6 million to settle India bribery charges

Anheuser-Busch to pay US SEC $6 million to settle India bribery charges
A man walks past the logo of Anheuser-Busch InBev at the brewer's headquarters in Leuven, Belgium February 26, 2014. REUTERS/Francois Lenoir/File photo
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SEC investigation found that Anheuser-Busch InBev SA used third-party sales promoters to make improper payments to officials in India to boost sales and production. (more…)

Thai Beverage bids for a stake in Vietnam’s largest brewers

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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 Thai Beverage (Thai Bev) is one of several bidders. (more…)

Vietnam’s top brewer Sabeco cleared for share listing by Dec

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kgprcspmVietnam 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 and Japan. (more…)