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…)
Health officials fret as the country is one of the biggest consumers of beer and liquor.
The Ministry of Health is considering a ban on sales of liquor and beer after either 10:00 p.m. or midnight as officials aim to reduce negative impacts of drinking. (more…)
Vietnam has been considered one of the world’s top consumers of alcoholic beverages with 77 percent of its men drinking beer and other kinds of alcohol, according to a recent survey. (more…)
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 and Japan. (more…)
It may come as a surprise to most, but modern Oktoberfest starts in September, rather than during the month it is named after, October. This year, the world’s largest beer festival started on September 17 in Munich, Germany, and will last until October 3. (more…)
While USL hasn’t tweaked the alcohol content to make the new product less potent, there could be a consumer perception of it being a tempered down whiskey. (more…)
Authorities in Mandalay Region have recorded more than 350 cases of illegal alcohol sales through August of this year, with the annual total headed for a significant drop for the second straight year. (more…)
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). (more…)
Shares of United Breweries Ltd surged nearly 6 percent today after Heineken International BV increased its stake in the company by buying shares worth Rs 152 crore.
The scrip rose 5.91 percent to end at Rs 877 on BSE. During the day, it soared 7.15 percent to Rs 887.30
At NSE, shares of the company jumped 5.76 percent to close at Rs 876.50. (more…)
Microbreweries are pushing the envelope when it comes to developing unique flavoured brews — experimenting with fruits such as jackfruit and kiwi. (more…)
