Vietnam: High cost of Sabeco shares makes its Dec 18 sale unpredictable

Vietnam: High cost of Sabeco shares makes its Dec 18 sale unpredictable

Vietnam has picked a record high price for Saigon Beer’s share sale this month – at VND320,000 ($14) apiece – which has made it one of the most unpredictable share disposals.

The brewer, also known as Sabeco, will sell a 53.6 per cent stake on December 18, hoping to raise almost $5 billion for the state. This is the country’s biggest and most anticipated stake sale, nine years after Sabeco was privatised. The company currently enjoys a $9 billion valuation, making it Vietnam’s second largest listed company after Vinamilk.

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