The completion of the proposed acquisition will see the group increasing its effective interest in Vinamilk to 24.99%.
Fraser and Neave (F&N) has announced plans to acquire 4.6% additional shares in Vietnam Dairy Products Joint Stock Company (Vinamilk) from Jardine Cycle & Carriage for about VND6,011,200 million ($295 million).
F&N, through its wholly-owned subsidiary FNDI will acquire up to 96,094,631 shares in Vinamilk. It currently holds 426,185,235 shares in Vinamilk, representing approximately 20.39% of the issued share capital of the company.
