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