Masan buys beverage firm through subsidiary
Private sector company Masan Group (MSN) yesterday announced that its consumer goods arm - Masan Consumer - would purchase 24.9 per cent of bottled beverage company Vinh Hao.
On the back of the transaction, Masan Consumer plans to launch a cash tender offer process at similar commercial terms to increase its stake. The potential transaction and tender offer will be subject to customary corporate and regulatory approval.
Established in 1930, Vinh Hao was Viet Nam's first domestic mineral water producer. Its portfolio comprises of mineral water, purified water and mineral water based soft drinks. Masan Consumer is currently a market leader in sauces, instant noodles and instant coffee.
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