Masan Group arm buys 20% stake in Vietnamese tea brand Phuc Long for $15m

Masan Group arm buys 20% stake in Vietnamese tea brand Phuc Long for $15m

Photo: Phuc Long Coffee and Tea's fanpage

The Sherpa Company Limited, a subsidiary of the Vietnamese conglomerate Masan Group Corporation, has acquired a 20% stake in Phuc Long Heritage Joint Stock Company, the firm behind the local tea and coffee brand Phuc Long, for $15 million, according to an announcement.

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