Thai billionaire seeks to raise ownership in Vinamilk to 21%

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

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.

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