Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Vinamilk to take full stake of Angkormilk

Vinamilk to take full stake of Angkormilk

Vietnamese state-owned dairy giant Vinamilk intends to spend almost $11 million to buy its Cambodian partner’s entire stake in Angkor Dairy Products Co Ltd, better known as Angkormilk, according to Vietnamese media.

The deal - which would increase Vinamilk’s investment capital in Angkormilk from 10.2 million to $21 million by purchasing BPC’s 49 percent stake - was officially agreed upon by the two companies and signed off by Vietnam’s Ministry of Planning and Investment last Thursday, according to state-owned Vietnam News.

Angkormilk inaugurated a 27,000-square-metre factory in Phnom Penh SEZ last May. Executives from the company were not available for comment yesterday.

0

Comments

Please, login or register to post a comment

Latest Video

Phnom Penh eats: Where shaved ice meets a sugar rush

Shaved ice, fruit toppings, and a squirt of cream – these are the ingredients to make a perfect bingsu.

Temple exploring in Cambodia without the crowds

Those who make the journey almost 100km from Preah Vihear province’s capital Tbaeng Meanchey to the 11th century remains of Preah Khan Kompong Svay will be richly rewarded.