Japan & Vietnam: Kirin Holdings confirms interest in buying stake in Vietnam’s Sabeco
Kirin Holdings Co is considering buying a stake in Vietnam’s largest beer maker, Sabeco, a spokesman for the Japanese beer maker said on November 27.
The Vietnamese government is due to publish details soon of a divestment plan for its nearly 90 percent stake in Saigon Beer Alcohol Beverage Corp, as the brewer is formally called.
Kirin Holdings will determine how big a stake it wants to buy once the details of the sale are disclosed, the spokesman was quoted as saying in a report by Reuters.
Sabeco, valued at $9 billion at current prices, has received a strong response from potential suitors at an investors’ roadshow in Singapore, its chairman Vo Thanh Ha said.
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