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Japan’s Sapporo to enter Vietnam beer market

12-Dec-2009 Intellasia | Reuters | 7:01 AM

Sapporo Holdings said on Thursday it would enter Vietnamese markets by taking a 65 percent stake in a beer joint venture with Vietnam National Tobacco Corporation.

The company will acquire a 50 percent stake in the venture from Carlsberg and 15 percent from Vietnam Nationial Tobacco for total $25.4 million.

The joint venture will build a beer factory in the country and is scheduled to start selling products in early 2012, Sapporo said in a statement.


Category: Business

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