Masan Beverage Ltd, a wholly-owned subsidiary of fast-moving consumer goods giant Masan Consumer under Masan Group, has announced it will buy out Vietnam’s Vinacafe Bien Hoa (VCF) by increasing its ownership in the coffee producer to 100 per cent.
Masan Beverage has made an offer to purchase over 8.38 million shares of Vinacafe Bien Hoa (VCF) that it does not currently own.
It holds 18.19 million VCF shares, equivalent to 68.46 per cent stake in VCF. Vinacafe Bien Hoa on January 9 had paid a record dividend of VND66,000 ($2.92) per share before Masan Beverage registered to purchase the shares.
Masan Beverage previously announced that it would purchase the VCF shares at VND202,000 ($8.93) per share, equivalent to VND1.7 trillion ($74.6 million) to acquire the entire subsidiary.
However, VCF shares are now trading at VND210,000 ($9.29) per share, lifting the value of Masan Consumer’s investment to VND1.75 trillion ($76.8 million).
Masan Beverage is a subsidiary of Masan Consumer Holdings within the Masan Group and operates in the non-alcoholic beverages segment.
Besides holding shares in VCF, it also holds some 65 per cent of the Quang Ninh Mineral Water Company and 63.95 per cent of the Vinh Hao Mineral Water Company.
