F&N Dairy Investments, a part of Fraser & Neave Limited, has registered to purchase additional shares of Vietnam’s largest dairy producer Vinamilk to lift its ownership to 18.31 per cent.
F&N Dairy Investments is wholly owned by Fraser & Neave controlled by Thai billionaire Charoen Sirivadhanabhakdi. Through its two subsidiaries, Fraser & Neave currently owns about 20 per cent of Vinamilk. If successful, the proposed transaction will push its ownership to 21 per cent.
