Singapore-based food and beverage group Fraser and Neave is looking to further increase its stake in Vinamilk, Vietnam's largest dairy business.
Fraser and Neave said it wants to increase its exposure to the Vietnamese market through its move to raise its stake in local dairy group Vinamilk.
Singapore-based Fraser and Neave has said it wants acquire an additional 5.4% stake in dairy group Vinamilk from the shares the Vietnamese government is putting up for sale.
Vietnam is to offload part of its shareholding in Vinamilk, the country's largest dairy company, in two weeks' time.
Vietnamese dairy group Vinamilk aims to treble its sales in Thailand, stepping up distribution in the country over the next year.
Vinamilk, Vietnam's largest dairy company, has confirmed the country's government plans to sell a batch of its shares in the company by the end of the year.
Vietnam reportedly plans to sell its stake in Vinamilk, the country's largest dairy company, in increments.
Vinamilk, Vietnam's largest dairy processor, has confirmed that it is in talks to acquire an unnamed dairy group in the US.
Vinamilk has signed an agreement with DSM Nutritional Products group to cooperate on the nutritional application of international standards into milk powder products for sale in Vietnam.
Fraser and Neave, the Singapore-based food and beverage group, is open to upping its stake in Vinamilk, Vietnam's largest dairy company.
Vietnam's largest dairy company Vinamilk has reported a second-quarter increase in net profit of 29%.
Vinamilk, Vietnam's largest dairy company, has launched what it claims is the first organic milk to go on sale in the country.
Vietnam's sovereign fund, the State Capital Investment Corporation, will not sell its stake in Vinamilk this year, the dairy group has told just-food.
Vinamilk, Vietnam's largest dairy products group, has forecast "robust" growth from Cambodia's fledgling yoghurt sector.
Vinamilk, Vietnam's largest dairy group, is to becoming the sole owner of US firm Driftwood Dairy.
Vinamilk is to remove a limit on the shares foreign investors can own in the business, according to a shareholder in the Vietnamese dairy group.
Vinamilk, Vietnam’s largest dairy producer, has reported a 37.9% rise in first-quarter pre-tax profits to VND2.63trn (US$118m).
Vinamilk, Vietnam's largest dairy company, is hoping to increase its infant formula sales in the Middle East.
Vinamilk, Vietnam's largest dairy group, is closing its office in Cambodia but has said its production venture in the country will continue.
Vinamilk, Vietnam's largest dairy business, has reported a 28% rise in annual profits.
Vinamilk, Vietnam's largest dairy group, has booked an increase in third-quarter sales and earnings.
Chobani, the US-based yoghurt group, has admitted it is weighing up interest from companies looking at investing in the business - and this week the identity of some purported suitors emerged. Staying in dairy, Vietnam's government is looking to sell its 45% stake in Vinamilk, which dominates much of the growing sector there. And a Friday one-two from Nestle, which cut its forecast for annual sales after a challenging, Maggi-affected third quarter and then confirmed tests in India allow the company to at least resume production of the noodles.
Vietnam is reportedly looking to offload its stake in Vinamilk, the country's largest dairy group, as part of a number of disposals of state investments in businesses.
Vietnamese dairy giant Vinamilk has introduced a drinking yoghurt for children between ten and 14 years of age in its domestic market.
just-food's management briefings see the team provide an in-depth look at a key issue or market affecting our readers in the industry. This year, the briefings included a deep dive into the confectionery sector, a spotlight on Vietnam and analysis of the development of the dairy industry in India.
Vinamilk, Vietnam's largest dairy processor, has reported a fall in profits for the first six months of a year when it has said it will protect domestic market share.
The week kicked off with a significant deal in the US food industry, with Hillshire Brands striking a deal to buy Pinnacle Foods. In Australia, Goodman Fielder ended the week with an announcement its board had decided to give its support to a takeover offer from Singapore agribusiness giant Wilmar International and First Pacific, the Hong Kong investment fund.
This week we returned from Vietnam after exploring the country's dairy sector. Russia hit the headlines once again as its EU pork ban weighed heavy on Danish Crown's list of woes, and its ongoing battle with Ukrainian confectioner over seized assets continued. Win-wise, Wilmar celebrated after a revised takeover bid for Goodman Fielder was accepted and elsewhere Bon-Bon Buddies secured a UK distribution deal with Italian confectioner Zaini. Here is the week in quotes.
Vinamilk wants to use its investment in California's Driftwood Dairy to bring American products back to Vietnam and to sell its own products in the US, the company has told just-food.
Vinamilk, Vietnam's largest dairy processor, saw a decrease in earnings during the first quarter despite higher sales.
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