Global brewers line up bids for Vietnam's Sabeco sale: sources

Singapore

BREWING groups including Thai Beverage, Anheuser-Busch InBev and Kirin Holdings are gearing up to bid for a stake in Vietnam's largest brewer, Sabeco, people familiar with the matter said, with the US$5 billion sale process by the government opening this week.

The auction of up to 54 per cent of Sabeco, in what is set to be Vietnam's biggest privatisation, offers brewers access to a fast-growing market with a youthful population and beer-drinking culture.