Vietnam 2017: Jardine-Vinamilk, Thaibev-Sabeco among blockbuster M&A deals

A woman shops for Vinamilk products. Photo from the company's website.

Vietnam has become a hotbed for investments through both direct projects and equity financing with M&A value in the country hitting a record high of $10.16 billion in 2017, with more than 20 mega deals at over $100 million. The market now looks even more rampant with increasing valuation, according to data platform Stoxplus. M&A transactions in 2017, on average, were 50 per cent more expensive than listed shares in the same industries, the intelligence company showed.

There is also an unprecedented opportunity for Vietnam to dispose its stakes in state businesses, a process the country has been marketing internationally. Vinamilk, the country’s biggest listed company with a current market capitalisation of $12 billion, has succeeded in doing so by selling a 3.33 per cent state holding to a Jardine Matheson unit.

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