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Sabeco

Sabeco officially handed over to Thai investor

Vietnam Beverage, ThaiBev’s domestic unit has spent US$4.9 billion to turn Saigon Beer - Alcohol - Beverage JSC (Sabeco) into its subsidiary.

Japanese brewery Kirin withdraws investment from Sabeco

Kirin and Asahi, two Japanese breweries are not expected to bid for Sabeco's stake in the auction on this December 18.

Vietnam Beverage still dubious about registering for Sabeco auction

Vietnam Beverage is a newly-established company in Vietnam, 49% of which is indirectly held by BeerCo Ltd, a ThaiBev-owned brewer based in Hong Kong is considering to join in the Sabeco auction as the registration deadline on December 17th is coming.

US$4 billion loan ready for Sabeco investors to attend its auction

The auction for Sabeco's share will take place on December 18th.

Sabeco’s shares are announced to have offer price at US$14.1 each as its auction session looms

The Ministry of Industry and Trade (MoIT) has announced the offer price of Saigon Beer - Alcohol - Beverage Corporation (Sabeco)’s shares at VND320,000 (US$14.1) each for the auction on December 18, which was Sabeco’s closing price on November 28, 217.

Sabeco reaped profits of US$154.7 million before its divestment

The share of Saigon Beer - Alcohol - Beverage Corporation (Sabeco) was traded at VND287,000 (US$13.6), up 2.3%.

MOIT to submit plans to sell Sabeco shares next week

As planned, the State will sell 53.59% stake, worth about US$4.2 billion, in Sabeco.

Capital divestment at Vietnam's top brewers Sabeco and Habeco undergoes pressure

In case of slow capital divestment at the Sabeco and Habeco, which are the State's largest brewers, the State Capital Investment Corporation (SCIC) is likely to hold the acting ownership of the two breweries.

Sabeco and Habeco spent millions of dollars on advertisements in the first half of 2017

In the increasingly fierce competition among brewers, the two Vietnamese leading brewers, Habeco and Sabeco have spent millions of dollars on advertisements, which is considered a critical factor to gain market share.

Foreign brewers are heating up local alluring beer market

With the total consumption of about 3.78 billion liters of beer in 2016, Viet Nam is considered as "the next key battleground of foreign brewers”. The divestment at the State’s two largest domestic beer companies leaves “wide open” door for foreign rivals and that a Taiwan brewer plans to enter Viet Nam’s market heats up the competition.

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