Vietnam Beverage, the local unit which ThaiBev holds a stake in, said it won the bidding for an nearly 54 percent holding in Saigon Beer Alcohol Beverage Corp.
An unnamed domestic individual also sought 20,000 shares, it added. Billionaire Charoen Sirivadhanabhakdi-controlled Thai Beverage's unit was the only company that registered by Dec 11, the last date for investors seeking more than a 25% stake.
Shares of Sabeco, as the brewery is known, jumped as much as 2.8 percent to 317,900 dong in Vietnam Monday, before closing little changed.
While half-a-dozen global companies including Anheuser-Busch InBev NV and Asahi Group Holdings Ltdhad shown an interest earlier, they may have been put off by Sabeco's valuation, as the stock has surged 59% this year.
Incendie dans un Hôtel à Québec — DERNIÈRE HEURE
Les cinq étages de l'hôtel ont évacuées, une quarantaine de clients ont dû quitter les lieux à la hâte. Elles ont été conduites temporairement au Musée de la civilisation, avant d'être relocalisées.
Late on Sunday, Singapore-listed Thai Beverage had said in a statement that its indirect associated company had submitted the registration form to participate in the bidding.
ThaiBev said on Wednesday that it has confidence in the "growth potential of the Vietnam market and has genuine interest in exploring investment opportunities in the country". This unit registered for the Sabeco auction, according to the Ministry of Planning and Investment. An expanding middle class and youthful population helped drive a 300 percent surge in beer demand since 2002, according to Euromonitor International. Vietnam Premier Nguyen Xuan Phuc will decide whether to sell more shares of Sabeco, Truong Thanh Hoai, head of industry at the trade ministry, said at the beer company's auction in Ho Chi Minh City.
The Vietnamese government, which is selling the shares, had earlier provided initial price guidance of 320,000 dong per share, which could make Vietnam Beverage's bid worth about US$4.8 billion.
According to Vietnam's Securities Law, Vietnam Beverage is considered a local company, so it is not subject to the rule that foreign ownership in a Vietnamese enterprise is capped at 49 percent.
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