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A costly round

15 December 2017 By Clara Ferreira Marques

A $4.6 bln bid from Charoen Sirivadhanabhakdi for 51 pct of Sabeco, maker of Bia Saigon, relies on political influence and a pliable local partner. That might help the ThaiBev owner to skirt foreign ownership rules, and wring out efficiencies to stack up a frothy valuation.

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