Companies
ThaiBev to acquire 54% stake of Vietnam’s largest brewer
Vietnam Beverage, ThaiBev’s domestic unit, took a 54% stake in Sabeco, as Vietnam’s largest brewer is known
A Thai Beverage affiliate won the right to buy around 54% stake in Vietnam’s Saigon Beer Alcohol Beverage Corp. in what is to be the Vietnam government’s biggest divestment of a state-owned enterprise.
Vietnam Beverage, ThaiBev’s domestic unit, took a 54% stake in Sabeco, as Vietnam’s largest brewer is known. An undisclosed individual domestic investor had registered to bid for 20,000 shares. In all, the ministry garnered bids for about 343.682 million shares in Sabeco.
The Vietnamese government expects to collect about $4.8 billion from the deal.
Vietnam Beverage was the only institutional bidder for the company better known as Sabeco. An individual investor who introduced himself as a fortune teller and spiritual dancer also participated in the auction, acquiring a negligible stake.
Vietnam Beverage is wholly owned by F&B Alliance Vietnam, a local unit of the Fraser and Neave (F&N), a food and beverage conglomerate based in Singapore. The Thai Beverage group last month bought a 49% stake in F&B Alliance Vietnam, apparently with the sole intent of bidding for Sabeco.
Anheuser-Busch InBev of Belgium, Japan’s Kirin Holdings and other big multinationals showed interest in Sabeco, Vietnam’s largest brewer, but withdrew, apparently due to the high purchase price.
ThaiBev, the maker of Chang beer, has long sought a major overseas acquisition to reinforce its core spirits and brewing businesses.
An aging population and increasing excise taxes have put a ceiling on Thailand’s alcoholic beverage market. These factors are pushing ThaiBev to become a pan-Southeast Asia provider of beverages.
Thailand has a population of around 68 million, but ThaiBev desperately wants to help itself to more of the rising income of Southeast Asia’s 600 million people.
The company has generated most of its overseas sales in Europe. In Scotland, it owns the Old…
Press Release
Exclusive interview with Richi Kukreja, HR Lead Director for Zoetis South East Asia
Zoetis is a global animal health industry leader, dedicated to supporting customers and their businesses in ever better ways. Building on more than 65 years of experience, we deliver quality medicines, vaccines and diagnostic products, complemented by genetic tests, biodevices and a range of services.
Zoetis has been recently certified as one of the Best Places To Work in Thailand for 2021. We went and interviewed Richi Kukreja, HR Lead Director for Zoetis South East Asia, who provided us insights into what makes the company an employer of choice in Thailand.
(more…)
Companies
Novo Nordisk certified as one of the Best Places to Work in Thailand
Novo Nordisk Thailand certified as one of the Best Places to Work. An exclusive interview with John Dawber, Vice President and general manager who provides insight into what makes the organization an employer of choice
Novo Nordisk Thailand, affiliate of the global healthcare company with more than 90 years of innovation and leadership in diabetes care, has been recently recognized as one of the best companies to work in Thailand.
(more…)
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...
Thailand’s Vaccine Strategy: What went wrong?
Questions are being asked, and not answered, over the decision to rely almost entirely on Siam Bioscience, a local, palace-owned...
Exclusive interview with Richi Kukreja, HR Lead Director for Zoetis South East Asia
Zoetis is a global animal health industry leader, dedicated to supporting customers and their businesses in ever better ways. Building...