Vietnam dairy major Vinamilk seeks $828.7m for landmark stake sale

Vietnam dairy major Vinamilk seeks $828.7m for landmark stake sale

Vinamilk products are displayed for sale at a Vinamilk shop in Hanoi, Vietnam May 16, 2016. REUTERS/Kham

Vinamilk, Vietnam’s largest enterprise by market capitalisation and Southeast Asia’s leading dairy company, will sell its 9 per cent stake for at least $828.7 million, the company’s state investor SCIC said in a Monday announcement.

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