Ho Chi Minh City-based SABECO, controlled by Thai Beverage, has completed the acquisition of 37.8 million shares, equivalent to a 43.2% stake in local brewer Sabibeco Group (SBB), known for its Sagota brand. The transaction, priced at VND22,000 (USD 0.86) per share, amounted to VND832 billion (USD 32.7 million). SABECO now holds a 59.6% stake, officially making Sabibeco its subsidiary.
The acquisition increases SABECO’s annual production capacity to 30.1 million hectolitres (hl), reinforcing its position as Vietnam’s largest brewer by output. This surpasses competitors such as Heineken Vietnam (27.8 million hl), Habeco (8 million hl), Carlsberg (3.6 million hl), and Sapporo (1.5 million hl).
Founded in 2005, Sabibeco operates six factories with a combined annual capacity of 6.1 million hl. In Q3 2024, the company reported a net revenue of VND484.2 billion (USD 19.03 million), a 2.62% year-on-year increase. Despite a net loss of VND10 billion (USD 392,950), this reflects a 49.9% improvement compared to the same period last year.
This acquisition follows SABECO’s earlier takeover bid for Sabibeco (inside.beer, 28.10.2024).
As of the end of 2023, SABECO operated 26 breweries in Vietnam with a total designed capacity of 24 million hl annually. With the addition of Sabibeco’s six facilities, SABECO’s market dominance and production capabilities have grown substantially, aligning with its strategy to further consolidate its market leadership.
