Wed, Sep. 7, 8:20 AM
- Beer industry heavyweights Anheuser-Busch InBev (NYSE:BUD), Heineken (OTCQX:HEINY), Asahi Group Holdings (OTC:ASBRY), and Kirin Holdings (OTCPK:KNBWY, OTC:KNBWF) are in the group of active bidders for Saigon Beer Alcohol Beverage Corp.
- Saigon Beer Alcohol Beverage Corp. (known as Sabeco) is the largest beer seller in Vietnam with a 40% market share. The Vietnamese government holds a stake of 89.5% in the company.
- The deal price could end up north of the $2B mark.
Aug. 8, 2011, 3:28 PM
Aug. 2, 2011, 1:24 PM
Japanese brewer Kirin Holdings (KNBWY.PK) takes a $2.5B stake in Schincariol in the latest move by the firm to grow international sales. The firm looks to cut into Anheuser-Busch Inbev's (BUD -1.9%) whopping 70% beer and soft market share in Brazil by accelerating Schincariol's growth with new technology and product innovations.| Aug. 2, 2011, 1:24 PM