Vinamilk to take full stake of Angkormilk
The Phnom Penh Post | 27 March 2017
Vietnamese state-owned dairy giant Vinamilk intends to spend
almost $11 million to buy its Cambodian partner’s entire stake in Angkor
Dairy Products Co Ltd, better known as Angkormilk, according to
Vietnamese media.
The deal - which would increase Vinamilk’s investment capital in
Angkormilk from 10.2 million to $21 million by purchasing BPC’s 49
percent stake - was officially agreed upon by the two companies and
signed off by Vietnam’s Ministry of Planning and Investment last
Thursday, according to state-owned Vietnam News.
Angkormilk inaugurated a 27,000-square-metre factory in Phnom Penh
SEZ last May. Executives from the company were not available for comment
yesterday.
To ensure the quality of the milk, the Vietnamese have to make sure to own 100% of the company or else the Khmer partners would ruin it.
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