Singapore’s Jardine Cycle & Carriage acquires 5.53% in Vinamilk for $616.6m

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

Singapore-listed automotive group Jardine Cycle & Carriage Limited (JC&C) on Monday said it has acquired a total of 5.53 per cent stake in Vietnam Dairy Products JSC (Vinamilk), through two back-to-back transactions, for an aggregate investment of $616.6 million.

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