So what does this mean for F&N investors?
SINGAPORE (Feb 9): Fraser & Neave announced on Wednesday that it had increased its stake in Vinamilk from 5.4% to 17.5% to date and added that it would continue to acquire more shares when the opportunity arises.
DBS Group Research estimates that the investment was at least $705 million and that its expected F&N to look for inorganic growth opportunities.
