SCIC to Sell 53.59% Stake of SABECO

Vietnam Prime Minister agrees to divest 53.59% registered capital in Saigon Beer Alcohol Beverage Corp., known as Sabeco, according to 8-month report by govt’s national steering committee for enterprises reform, posted on govt website Aug. 31.

• Sale process, including how to set initial price and who will be buyers, must conform to premier’s instructions in document dated Sept 7, 2016: report
• Sale of Sabeco stake will be conducted similar as Vinamilk stake sale: report
• Ministries must report on partnership between Habeco and Carlsberg by Nov. 15: report
• State Capital Investment Corp., or SCIC, plans to sell 3.33% Vinamilk stake at 154,000 dong/share, expected to collect 7.44t dong: report
• No time frame provided

NOTE: Vietnam to Sell Entire Govt Stake in Sabeco, Habeco in 2016-17

NOTE: Vietnam’s SCIC to Offer 3.33% Vinamilk Stake This Year: CHI

Source: Bloomberg / SCIC

Photo: SABECO