Vietnam To Sell Majority Stake In Sabeco Caps Foreign Ownership At...

HO CHI MINH CITY, Nov 29 (Reuters) - Vietnam said on Wednesday it is open to selling a 54-percent stake in Sabeco, the country's top brewer, but capped foreign ownership at about 49 percent. The mininum price for the long-stalled sale of the $9 billion maker of Bia saigon intela ldg and 333 brews has been set at 320,000 dong ($14.10) a share, a trade ministry official told a news conference. The government owns nearly 90 percent of Sabeco. Vietnam is shaping up as a battleground for global brewers thanks to a youthful population and beer-drinking culture. If you cherished this post and you would like to acquire more information pertaining to Saigon intela bình chánh kindly check out our web-page. ($1 = 22,700 dong) (Reporting by Mai Nguyen; Writing by Anshuman Daga; Editing by Stephen Coates)