December 18, 2017 / 8:21 AM / a month ago

Thai Beverage unit wins auction to buy 54 percent stake in Sabeco

HO CHI MINH CITY (Reuters) - A unit of Thai Beverage (TBEV.SI) won the auction to buy a $5 billion or 54 percent stake in top brewer Sabeco SAB.HM in the country’s biggest ever privatization process, an official from the Ho Chi Minh City Stock Exchange said on Monday.

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    The anticipated sale of the state-owned maker of Bia Saigon gained momentum in recent months. Thai Beverage emerged as the only buyer for a majority stake as global brewing groups stayed out of the auction.

    Reporting by Mai Nguyen; Editing by Tom Hogue

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