State sets short deadline to divest from beer giantsThe state plans to complete the divestment from Saigon Beer, Alcohol and Beverage JSC (Sabeco) and Hanoi Beer, Alcohol and Beverage JSC (Habeco) within 16 months. The divestment from Sabeco will be divided into two phases. The Ministry of Industry and Trade (MoIT) will hire consultancy companies to build specific divestment plans as well as verify the prices of the two enterprises’ shares. Sabeco is the largest beer firm, having produced 1.38 billion litres in 2015, making up 46 per cent of the market. Carlsberg expressed interest in buying a further 13 per cent, but the deal, yet again, hinges on the approval of the MoIT.VIR

Source: VietNamNet News September 02, 2016 10:07 UTC