M&A value in Vietnam on track to reach US$20 billion

The Hanoitimes – With the booming of the mergers & acquisitions (M&A) market in recent months, expectation for the Vietnam’s M&A value to reach US$20 billion is within sight. As such, one of the most sought-after deal in 2017 is the divestment of state fund at Saigon Beer Alcohol Beverage Corp (Sabeco), Vietnam’s largest brewer. Vietnam Beverage, a domestic unit of Thai Beverage has successfully bought 53.59% Sabeco shares with value of 4.8 billion USD. The deal has taken M&A Vietnam to a new height, exceeding the record set 5 years ago at approx. 5 billion USD.    The Sabeco’s deal raised nearly 5 billion USD alone for state fund. This successful deal has eased off concern from investors and some administrative agencies, showing the positive responses from the market toward determination and effort of the government in respecting market principles and meeting expectation for a transparent business environment.  On the other hand, the State Capital Investment Corporation (SCIC) received 9 trillion VND (roughly 280 million USD) for selling 3.33% stakes in Vietnam Dairy Products (Vinamilk) on the Ho Chi Minh stock exchange on November 10 for Platium Victory Pte Ltd.  The M&A Vietnam in 2017 with major deals has solved challenges restricting the growth of M&A in Vietnam, specifically, foreign investors still consider Vietnam as an attractive destination; removing bottleneck in the process of equitization and divestment from state owned enterprises (SOEs); leading SOEs are encouraged to divest state fund, while private sector is more open to foreign investors. …

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