在越南跨境併購與整合的動機 - 以Thai Beverage收購SABECO為研究案例

Motivations for cross-border Mergers and Acquisitions in Vietnam with Thai Beverage’s Acquisition of SABECO as a case study

美金(VO, THI MY KIM)

指導教授 ： 林哲群

國立清華大學/科技管理學院/國際專業管理碩士班(IMBA)/碩士(2019年)

摘要

N/A

關鍵字

跨境併購與整合 ； 越南 ； 動機 ； Sabeco ； Thai Beverage

並列摘要

With steady economic growth, Vietnam has recently witnessed a significant increase in M&A activity and remained one of the most favorable destinations for foreign investment. Therefore, this research aims to explore the cross-border mergers and acquisitions transactions in Vietnam focused on motivations of both buy-side and sell-side. A conceptual framework is carried out to provide a synthesis of previous studies related to cross-border mergers and acquisitions. The research findings show that cross-border M&A in Vietnam are primarily motivated by facilitating faster entry into foreign market, market power and market access, synergies or other motives as growth and diversification, complementary resources…In addition, integral motivation of seller comes from the equitization and divestment plan of state-own enterprises (SOEs), which attracts foreign acquirers. A case study: M&A transaction between Saigon Beer-Alcohol-Beverage Joint Stock Corporation (Sabeco) and Thai Beverage is also analyzed in term of overview, deal structure, valuation and motivations behind.

並列關鍵字

cross-border mergers and acquisitions ； Vietnam ； motivations ； Sabeco ； Thai Beverage

參考文獻

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