Sabeco produces 1.72 billion litres of beer in 2017

The Saigon Beer, Alcohol and Beverage Corporation (Sabeco) produced a total of 1.72 billion litres of beer in 2017 and saw a 11 percent revenue growth year-on-year, said the corporation.

A production line of Sabeco (Photo: zing.vn)

Sabeco continues to take the lead in the Vietnamese beverage market with a 40% share, amid increasing pressure from domestic and foreign competitors.

The Ministry of Industry and Trade (MoIT) in December 2017 sold all of its 343.6 million shares or a 53.6% stake of Sabeco, for an estimated VND110 trillion (US$4.89 billion).

An individual investor purchased 20,000 Sabeco shares for VND320,500 per share while Vietnam Beverage Co Ltd scooped up the remainder for VND320,000 per share.

Sabeco currently owns 26 manufacturing plants, 10 trading subsidiaries and 37 branches nationwide.

Sabeco offers 39 per cent stake to foreign investors

Foreign investors are permitted to own a maximum of 38.59 per cent from the 53.59 per cent stake in Saigon Beer, Alcohol and Beverage Corporation (Sabeco) that the Ministry of Industry and Trade (MoIT) will officially put on sale on December 18.

Sabeco offers 39 per cent stake to foreign investors

Sabeco sells 53.6% stake for US$4.89 billion

The Ministry of Industry and Trade (MoIT) on December 18 sold all of its 343.6 million shares or a 53.6% stake of the Saigon Beer, Alcohol and Beverage Corporation (Sabeco), receiving an estimated VND110 trillion (US$4.89 billion).