Asahi president says Vietnam's Sabeco valuation 'very high'

Asahi president says Vietnam's Sabeco valuation 'very high'

Tokyo businessmen toast with mugs of Asahi Breweries' beer after their office hours at a beer garden at the rooftop of Nihonbashi-Mitsukoshi department store in Tokyo July 30, 2013. REUTERS/Issei Kato

Saigon Beer Alcohol Beverage Corp. is expensive at its current valuation, according to Asahi Group Holdings Ltd., a potential bidder for Vietnam’s biggest brewery whose market capitalization has soared to $7.5 billion after the government put its stake on the block.

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