<article>Vietnamese agriculture and food-focused firm <a href="https://www.dealstreetasia.com/tag/PAN-Group/">PAN Group</a> plans to offload 14.86 million shares, equivalent to 11 per cent stake, to Japanese trading company <a href="https://www.dealstreetasia.com/tag/Sojitz-Corporation/">Sojitz Corporation</a>, according to the company’s official announcement.</article>

Vietnamese agriculture and food-focused firm <a href="https://www.dealstreetasia.com/tag/PAN-Group/">PAN Group</a> plans to offload 14.86 million shares, equivalent to 11 per cent stake, to Japanese trading company <a href="https://www.dealstreetasia.com/tag/Sojitz-Corporation/">Sojitz Corporation</a>, according to the company’s official announcement.
If approved, the offer for sale will take place from the third to fourth quarter this year, making Japan’s Sojitz a major shareholder of PAN Group.
Under the plan, the share price is proposed is set at a minimum VND55,000 ($2.1) apiece. Offering shares shall be restricted to be transferred within one year from the closing date of the deal.
The offer for sale is expected to help PAN Group attract more strategic partners and financial resources to increase capital in its subsidiaries and boost M&amp;A activities in the agricultural and food sectors.
Established in 1998, PAN Group is one of the leading agriculture companies in Vietnam with total assets of VND7.6 trillion ($327 million). Singapore’s GIC, The Asian Entrepreneur Legacy (TAEL) Partners, PYN, NDH Invest, SSI, CSC Vietnam are the major shareholders of the agriculture firm.
Last year, International Finance Corporation (IFC) proposed to invest up to $10 million (VND 230 billion) in a $28 million-project by private equity-backed Pan Group to support its expansion plans.
Most recently, Sojitz Corporation acquired 95.24 per cent stake in Saigon Paper Corporation (SGP), one of Vietnam’s largest paper manufacturers, as it plans to expand into the Southeast Asia market.
In its official announcement, Sojitz did not disclose the deal value but a Nikkei Asia Review report pegs it at 10 billion yen ($91.2 million).
Founded in 2003, Sojitz Corporation operates as a general trading company worldwide. Sojitz is present in Vietnam in various business sectors such as afforestation and farming, manufacturing, and consumer goods.
Also Read:
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<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/ifc-proposes-to-invest-10-mn-in-pe-backed-vietnam-agri-firm-pan-group-65410/">IFC to invest $10m in GIC-backed Vietnamese agri firm Pan Group </a>

Vietnamese agriculture and food-focused firm PAN Group plans to offload 14.86 million shares, equivalent 11 per cent stake to Japanese trading company Sojitz Corporation.

Vietnam's PAN Group to offload 11% stake to Japanese trading co Sojitz

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Vietnam's PAN Group to offload 11% stake to Japanese trading co Sojitz

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