VIETNAM: Local repercussions for Unilever's Bestfoods buyout; Walls/Bestfoods merger
The proposed US$37.1m merger between Wall's Vietnam and Bestfoods Vietnam has received official approval from HCMC Export Processing Zone and Industrial Park Authority (Hepza). The new company resulting from the merger, Unilever Bestfoods Vietnam, has been awarded a 30-year licence to manufacture a range of products including ice cream, sauce, tea, noodles and spice.
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