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F&N tops up Vinamilk stake to rebuild F&B business

Broker's Calls

F&N tops up Vinamilk stake to rebuild F&B business

Gwyneth Yeo Published on Fri, Dec 09, 2016 / 12:43 PM GMT+8

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SINGAPORE (Dec 9): Fraser & Neave’s two wholly subsidiaries F&N Dairy Investments and F&N Bev Manufacturing are seeking to each acquire a 2.7% stake in Vinamilk, or 39.2 million shares, from the Vietnamese Government for $700 million. The results are expected to be out on Dec 21.

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