Road show in Singapore, UK to seek Sabeco’s stake buyers
A road show will be held in Singapore and the UK to seek potential buyers of stakes of the Sai Gon Alcohol-Beer-Beverage JSC (Sabeco) as the State’s divestment plan in the company is going to finish, said the Ministry of Industry and Trade (MoIT).
For more detailed information, investors can work directly with Sabeco representative at Sabeco office, 5th floor at Vincom Centre, 72 Le Thanh Ton street, District 1, Ho Chi Minh City.
A road show will be held in Singapore and the UK to seek potential buyers of stakes of the Sai Gon Alcohol-Beer-Beverage JSC (Sabeco) as the State’s divestment plan in the company is going to finish (Photo: vneconomy.vn) |
The sale is forecast to be worth up to trillions of Vietnamese dong and will attract the attention of both domestic and foreign investors.
Sabeco is Vietnam’s largest beer producer, which holds about 40.9% of the nation’s US$6.5 billion beer market and is attractive to foreign investors.
A number of institutional investors and companies have expressed interest in buying Sabeco shares following the Vietnamese Government’s decision to reduce its ownership in the southern brewer. These potential investors include Japan’s Asahi Group, Thailand’s Singha, Kirin, Heineken and Anheuser-Busch InBev.
Sabeco’s main market is Vietnam, but it exports to about 20 countries.
In 2016, Sabeco recorded VND30 trillion (US$1.32 billion) in revenue and VND4.6 trillion in post-tax profit, a yearly increase of 10% and 28%, respectively.
In the first half of 2017, the company posted VND15.75 trillion (US$693 million) in revenue and VND2.56 trillion in post-tax profit.
Sabeco’s shares have declined for seven straight sessions to nearly VND271,000 per share (US$11.94) on November 15, but it has still recorded a strong growth of over 37% since the start of this year.