Vietnam's two breweries willcomplete their equalization plans and then make initial publicofferings (IPOs) in the first quarter of next year, localnewspaper Vietnam Investment Review reported Monday.
The Saigon Brewery Corporation (Sabeco) would not choose aforeign strategic partner for its IPO, but the Hanoi BreweryCorporation (Habeco) would, said deputy minister of Industry andTrade Bui Xuan Khu.
He said Carlsberg was chosen as Habeco's foreign strategicinvestor, and would come in for a 10-percent stake in the northernbeer maker. Meanwhile, Sabeco will sell off 20 percent of itschartered capital at its IPO.
Sabeco, Vietnam's biggest brewery, has a chartered capital of 6.4 trillion Vietnamese dong (VND) (400 million U.S. dollars), andHabeco 2.3 trillion VND (nearly 143.8 million dollars). This year,Sabeco is estimated to make total revenues of over eight trillionVND (500 million dollars), and Habeco nearly 2.5 trillion VND (some 156 million dollars).
Vietnam is estimated to consume over two billion liters of bearand alcohol in 2010, up from 1.7 billion liters in 2007, thenewspaper said.
Source:Xinhua
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