Kido seeks buyer for remaining 49% stake in frozen food affiliate
Kido Group (HoSE: KDC), a leading food company in Vietnam, has approved a plan to divest the firm's remaining 49% stake in its affiliate Kido Frozen Food JSC (Kido Foods).
Kido’s board has tasked the CEO with seeking potential buyers, engaging with investment funds, securities firms, and brokers, and negotiating transaction terms.
Icecreams produced by Kido Foods. Photo courtesy of Kido.
If completed, the transaction would value Kido Foods at roughly VND5.1 trillion ($194 million), marking Kido’s full exit from the frozen food affiliate.
Proceeds from the sale, estimated at VND2.5 trillion ($95 million), are expected to strengthen Kido’s balance sheet and support new strategic initiatives, including potential expansion into new business segments or further investment in its core food and beverage operations.
Kido Foods currently has charter capital of VND741.6 billion ($28 million), with Kido holding 36.33 million shares.
Last year, local nutritional products maker Nutifood Nutrition Food JSC (Nutifood) acquired a 51% controlling stake in Kido Foods, which boasts two popular ice cream brands, Celano and Merino.
For 2025, Kido targets net revenue VND13,000 billion ($498.4 million) and pre-tax profit of VND800 billion ($30.67 million), 56% and 7.6 times higher than 2024’s actual figures.
Kido shares closed down 0.19% to VND52,000 ($1.97) each on Friday.
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