F&N firming up $1bn bridge loan for Sabeco

New details have emerged on a loan being sought for the acquisition of Vietnamese state owned Saigon Beer Alcohol Beverage Corp (Sabeco). Singaporean company Fraser and Neave (F&N), owned by Thai businessman Charoen Sirivadhanabhakdi, is likely to be the borrower of the $1bn one year bridge facility, said bankers.