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Carlsberg baulks at Vietnam's Habeco share price

Near tripling of stock mainly due to speculation, says Danish brewer, which is eyeing a majority stake in company
Monday, November 28, 2016 - 05:50

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Habeco shares closed as high as 144,700 dong this month after initially being listed at 39,000 dong. The government has announced  it wants to sell its 82 per cent stake for about 48,000 dong a share.

Hanoi

CARLSBERG A/S, the Danish brewer that wants to buy a majority stake in Hanoi Beer Alcohol Beverage Corp, said a surge in the Vietnamese company's share price has been fuelled by speculative buying, setting the stage for heated negotiations in South-east Asia's fastest-growing beer

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