Vietnam: Vietnam to sell remaining 36% stake in country’s largest brewer Sabeco
Vietnam’s government will sell its remaining 36% stake in the country’s largest brewer Sabeco by the end of this year, according to a government document released this week, Reuters reported on July 2.
The Ministry of Industry and Trade will complete the transfer of the stake to the state-owned State Capital Investment Corp (SCIC) by the end of August to pave the way for the sale, the June 29 document said.
A SCIC official said on July 2 it did not have a detailed plan for the sale yet. A Sabeco spokeswoman said the brewer did not immediately have any comment on the issue.
Sabeco, formally known as Saigon Beer Alcohol Beverage Corp., has a market capitalisation of $4.5 billion, according to Refinitiv data.
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