Thai Beverage Public Company Limited (Thaibev) has clarified these claims that it is seeking a buyer for its businesses in Vietnam are entirely without merit and confirmed that it has no intention of selling its part in Vietnam in any way.
Heineken Vietnam Brewery recorded a profit margin of 40 per cent, much higher than Sabeco's 17.6 per cent but its market share still lagged behind its rival which is dominating the beer industry.
Logo of Saigon Beer, commonly known as 'Bia Sai Gon' together with Leicester City’s Fox logo will appear on the club’s short sleeves for the 2018/19 season.
According to the business plan proposed by Sabeco's new Board of Management, its profit will drop from nearly $220 million attained last year to $176 million anticipated this year.
The longer time the State capital divestment takes, the greater the risk of competition for Habeco is, especially when their business results are showing signs of deterioration, gradually being left behind by other competitors such as Sabeco and Heineken in the war of gaining market share.
Seller is a Singapore – based organization called Nogard Pte.
In 2017, the target of revenue from equitization and divestment is VND60 trillion (more than US$2.6 billion) but the sale of shares in Sabeco alone has brought in VND110 trillion (US$4.85 billion).
Vietnam Beverage, ThaiBev’s domestic unit has spent US$4.9 billion to turn Saigon Beer - Alcohol - Beverage JSC (Sabeco) into its subsidiary.
Kirin and Asahi, two Japanese breweries are not expected to bid for Sabeco's stake in the auction on this December 18.
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.
The auction for Sabeco's share will take place on December 18th.
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.
As planned, the State will sell 53.59% stake, worth about US$4.2 billion, in Sabeco.
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.
