27 November, 2017

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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