Vinamilk to take full stake of Angkormilk
www.indochinapost.com
Vietnamese
state-owned dairy giant Vinamilk intends to spend almost $11 million to
buy its Cambodian partner’s entire stake in Angkor
Dairy Products Co Ltd, better known as Angkormilk, according to
Vietnamese media.
The
deal - which would increase Vinamilk’s investment capital in Angkormilk
from 10.2 million to $21 million by purchasing BPC’s 49
percent stake - was officially agreed upon by the two companies and
signed off by Vietnam’s Ministry of Planning and Investment last
Thursday, according to state-owned Vietnam News.
Angkormilk
inaugurated a 27,000-square-metre factory in Phnom Penh SEZ last May.
Executives from the company were not available for
comment yesterday.
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