Japan & Vietnam: Kirin Holdings confirms interest in buying stake in Vietnams Sabeco
Kirin Holdings Co is considering buying a stake in Vietnams 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.
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .