Vinamilk spends $3.8m purchasing F&N Vietnam Food Co

Vietnam Dairy Products Joint Stock Co (Vinamilk – coded VNM) has completed the acquisition of 100 percent holdings of F&N Vietnam Foods Co Ltd

Accordingly, Vinamilk has already received transferred 100 percent of shares of F&N Foods Pte Ltd in F&N Vietnam Foods Co Ltd valued at $3.8 million.

F&N Vietnam Foods Co Ltd is the wholly foreign-owned enterprise in Vietnam that was established for manufacturing, marketing, distributing and selling dairy products in the country’s markets. After the transfer is completed, the company will become Vinamilk’s 100 percent-owned subsidiary.

Tags: F&N Vietnam Food Co, Vietnam food industry, Vinamilk

Posted by VBN on Jun 8 2010. Filed under Food & Beverage. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry