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Carlsberg to increase minority stake in Habeco



HA NOI (VNS)— The Ministry of Industry and Trade has asked the Ha Noi Beer Alcohol & Beverage Joint Stock Co (Habeco) to sell an additional 13-per-cent stake in the company to foreign strategic partner Carlsberg Breweries A/S. Carlsberg already owns 17.2 per cent of the local brewer, and has been a stakeholder in the company since 2008.

Under the proposed deal valued at a total of over VND1.5 trillion ($72.4 million), Carlsberg would buy around 30 million additional shares at VND50,015 per share, the publication Dau Tu (Vietnam Investment Review) reported. Habeco, which has 231.8 million shares outstanding, posted a net profit of VND237 billion ($11.2 million) in the first half of this year, a decline of 5.4 per cent from the same period a year ago.

Source: VNS

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