Vinamilk products are displayed for sale at a Fivimart supermarket in Hanoi, Vietnam. Photo: Kham/Reuters
State Capital Investment Corporation (SCIC), the government’s investment arm, will launch a competitive offering for 130.63 million shares, equivalent to a 9% stake, of Vinamilk
on December 12.
SCIC, which holds a 45% stake in the dairy producer, will pitch the share sale and take bids for the shares between November 28 and December 9.
Fraser and Neave (F&N), a Singapore-based company in which Thai Beverage (ThaiBev) holds a 28% stake, is considering taking part in the bid, ThaiBev’s Chief Executive Thapana Sirivadhanabhakdi was quoted by Nikkei as saying.
A consortium comprised of Morgan Stanley Asia (Singapore) Limited, Saigon Securities (SSI
) and VinaCapital
Corporate Finance act as consultants for the share sale.