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ThaiBev unit sole bidder for over 25% of Vietnam brewer Sabeco

Vietnam seen as tempting market due to young population, beer-drinking culture

Bottles of beer move along a production line at a factory of Saigon Beer Corporation (Sabeco) in Hanoi   © Reuters

HO CHI MINH CITY -- Vietnam Beverage, a local unit of Thai Beverage, was the only company to register a bid for over 25% of Saigon Beer Alcohol Beverage Corp., or Sabeco, as of 6 pm local time Monday, Vietnam's Ministry of Industry and Trade said. 

Vietnam Beverage is wholly owned by F&B Alliance Vietnam, a local unit of the F&B food and beverage conglomerate based in Singapore. A unit of Thai Beverage bought a 49% stake in F&B Alliance Vietnam in November -- an apparent move to secure a vehicle to bid for Sabeco.

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