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Business

Hanoi counts on Saigon Beer divestment to raise over $4bn

Though second bidder emerges, Thai Beverage still favored to clinch majority stake

ThaiBev is seen as the chief bidder for Saigon Beer.   © Reuters

HO CHI MINH CITY -- A second bidder has joined the auction of Saigon Beer Alcohol Beverage Corp., or Sabeco, but Thai Beverage is still seen as the most likely buyer of a controlling stake of the country's largest brewer for over $4 billion.

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