BAT­TLE BREW­ING OVER LU­CRA­TIVE VIET­NAM BEERS

Daily Mail - - City & Finance -

BREW­ERS have worked up a thirst for Viet­nam’s boom­ing beer in­dus­try as stakes in two of the coun­try’s big­gest play­ers go up for sale.

Brew­ing giants Heineken, Carls­berg and AB InBev are re­port­edly eye­ing up stakes in Habeco and Sabeco.

The hotly an­tic­i­pated sell-off is be­ing spear­headed by Viet­nam’s gov­ern­ment, which is di­vest­ing shares in some state-owned com­pa­nies.

Sabeco and Habeco, which dom­i­nate the mar­ket in Viet­nam, are ex­pected to fetch £4bn and £839m re­spec­tively. Viet­nam’s beer in­dus­try is lu­cra­tive for brew­ers be­cause of huge de­mand in the coun­try.

Javier Gon­za­lez Las­tra, an an­a­lyst at Baren­berg, said Viet­nam is a ‘brew­ers’ par­adise’. It is the fifth-largest beer mar­ket in Asia.

Bernstein an­a­lyst Trevor Stir­ling, said: ‘These are some of the most at­trac­tive beer as­sets glob­ally that are not al­ready con­trolled by ma­jor in­ter­na­tional brew­ers.’

Sabeco is the largest player in Viet­nam, with a mar­ket share of about 40pc by vol­ume. Heineken al­ready owns a 5pc stake in the firm.

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