Vietnam & the Philippines: San Miguel Corp looking to bid for Sabeco

The Philippines’ San Miguel Corp is looking to bid for Vietnam’s largest brewer Sabeco, the conglomerate’s president said on November 29, Reuters reports.

“Yes,” Ramon Ang told Reuters in a text message when asked if San Miguel is looking to join the bidding for the Vietnamese brewer.

Vietnam said earlier on November 29 it is open to selling a 54-percent stake in Saigon Beer Alcohol Beverage Corp, but capped foreign ownership at about 49 percent.

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