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. (more…)
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. (more…)
Danish brewer Carlsberg is negotiating with the Hanoi Beer Alcohol and Beverage Corporation (Habeco) over the purchase of an additional stake following the latter’s listing on the UPCom market last week, officials have said.
“Negotiations will be carried out between related parties on October 31,” Deputy Minister of Industry and Trade Hoang Quoc Vuong told a press conference following the government’s monthly meeting on October 29. (more…)
Japanese Asahi Group Holdings Ltd., and Kirin Holdings Co. are considering bidding for shares of Saigon Beer, Alcohol and Beverage (Sabeco) in the auction expected to be held next month, according to newswire Nikkei. (more…)
The Danish company is now the number four player in a country with a vibrant beer culture.
Betting on Vietnam’s high beer consumption, Carlsberg Breweries has acquired almost 11 percent of the local market, which is still dominated by a state-owned brewer. (more…)
Habeco, one of Vietnam’s biggest brewers, will list all of its shares for the first time next week, giving it a market value of $405 million, the Hanoi Stock Exchange (HNX) said on Friday. (more…)
Sloshed back at rowdy open-air “bia hoi” day and night, beer is Vietnam’s tipple of choice and now its cash-strapped government is drawing on the nation’s penchant for lager to raise billions of dollars by selling stakes in state-owned brewers. (more…)
Kirin Holdings Co. agreed to acquire a minority stake in Brooklyn Brewery, marking a rare investment by an Asian company in the $22 billion U.S. craft lager industry. (more…)
Kirin Holdings Co. of Japan has agreed to take a minority stake in Brooklyn Brewery, people familiar with the matter said, in one of the first investments by a Japanese company in a U.S. craft brewer. (more…)
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 (Habeco) will complete their divestiture from state funding in the near future. (more…)