ThaiBev submits official report on Sabeco acquisitionIn a report to the Singapore Exchange, Thailand Beverage (ThaiBev) mentioned the acquisition deal of Sabeco and said Vietnam Beverage is expected to complete the payment to the Vietnamese Ministry of Industry and Trade on December 28, 2017. On December 18, 2017, Vietnam Beverage Co., Ltd. bought 343 million Sabeco shares, equivalent to 53.58 per cent, at VND320,000 ($14.09) apiece. This means that Vietnam Beverage spent approximately VND110 trillion ($4.9 billion) for a controlling stake. Sabeco, which accounts for the largest market share in the Vietnamese beer market, is one of the leading beer companies in the ASEAN. ThaiBev found that the Vietnamese beer sector holds great potential, ranking third after China and Japan.

Source: VietNamNet News December 25, 2017 05:48 UTC