Dragon Capital ramps up stake in Vietnamese brewer Sabeco for $144m

Sabeco's Saigon beers are display for sale in a market in Hanoi, Vietnam April 17, 2017. Picture taken April 17, 2017. Reuters.

Dragon Capital, a Vietnam-focused group of investment funds, has purchased 15.3 million shares of Saigon Beer Alcohol and Beverage Corp (Sabeco) from Singapore-based Nogard Pte. Ltd, according to Vietnam Securities Depository (VSD).

In its latest announcement, VSD said the shares were bought from Nogard by seven funds of Dragon Capital including Aquila SPC Ltd Hanoi Investments Holdings Limited, KB Vietnam Focus Balanced Fund, Norges Bank, DC Developing Markets Strategies Public Limited Company, Vietnam Enterprise Investments Limited (VEIL) and Viola Ltd.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter