News

VIETNAM: Habeco sees IPO fall behind schedule

Most popular

Should Campari Group be renamed Aperol Group?

Why water has become more important than wine

just-drinks speaks to A-B InBev CEO Carlos Brito

just-drinks' M&A database - Oct 18

MORE

Hanoi Beer Alcohol and Beverage Corporation (Habeco) has postponed its IPO until this month, as tough trading conditions have made their presence felt.

The Vietnamese company told local reporters today (4 January) that the offering, of a 15% stake in the state-owned firm, will run in February, although Habeco had initially planned to launch the IPO last month.

Habeco's general director, Nguyen Van Viet, was cited in reports as saying that the IPO, which will initially price shares at VND50,000 (US$3.13) each, was delayed "due to the bad situation of the market".

Last week, Habeco's Vietnamese rival, Saigon Beer Alcohol Beverage Corp (Sabeco), saw its IPO raise only 61% of what the company had hoped the offering would generate. A total of 78.4m of the 128.3m shares in Sabeco that were offered were sold, at an average price of VND70,003 each, bringing in a total of VND5.49 trillion (US$341m).

Last year, Habeco agreed to build a new brewery in the south of the country with Carlsberg. The two companies will hold a 29% stake each in the facility, which will be located just outside Ho Chi Minh City.


Sectors: Beer & cider

Companies: Carlsberg

Related Content

Why Vietnam is the next beer battleground - Analysis

Why Vietnam is the next beer battleground - Analysis...

UK: Stock Spirits eyes IPO as springboard to spirits buys

UK: Stock Spirits eyes IPO as springboard to spirits buys...

VIETNAM: Carlsberg exec upbeat after Habeco deal

VIETNAM: Carlsberg exec upbeat after Habeco deal...

Carlsberg's turnaround challenge in the UK - What just-drinks thinks

Carlsberg's turnaround challenge in the UK - What just-drinks thinks...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?