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Business

ThaiBev to acquire majority of Vietnam's largest brewer

$4.8bn price tag likely scared off Anheuser-Busch InBev and Kirin

A man uses a forklift to transport crates of beer at a factory of Sabeco in Hanoi.   © Reuters

BANGKOK -- A Thai Beverage affiliate won the right to buy around 54% stake in Vietnam's Saigon Beer Alcohol Beverage Corp. in what is to be the Vietnam government's biggest divestment of a state-owned enterprise.

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