JC&C to divest 4.6% stake at Vietnam's dairy giant Vinamilk to F&N for $228 mln

JC&C to divest 4.6% stake at Vietnam's dairy giant Vinamilk to F&N for $228 mln

Singapore-listed Jardine Cycle & Carriage Limited (JC&C) has announced the sale of more than 96 million shares, or a 4.6% stake, in Vietnam’s dairy giant Vinamilk (HoSE: VNM) to F&N Dairy Investments Pte. Ltd., part of the Fraser and Neave (F&N) group controlled by Thai billionaire Charoen Sirivadhanabhakdi.

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