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KM Financial Solutions | SE Asia Stocks-Vietnam up 2.5 pct on Sabeco stake sale; Philippines rebounds
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SE Asia Stocks-Vietnam up 2.5 pct on Sabeco stake sale; Philippines rebounds

17 Dec SE Asia Stocks-Vietnam up 2.5 pct on Sabeco stake sale; Philippines rebounds

Posted at 10:18h in News by
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By Nikhil Nainan
Dec 18 (Reuters) – Vietnam shares rose more than 2
percent on Monday, helped by a $5 billion stake sale in
state-owned Sabeco in the country’s biggest ever
privatisation process, while Philippines rose on
bargain-hunting after last week’s losses.
A unit of Thai Beverage won the auction to buy a
54 percent stake in the top brewer, with the Thailand-based
company emerging as the only buyer after the anticipated sale of
the state-owned maker of Bia Saigon gained moment

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