Vietnam-based Masan Group in talks to raise $1b for animal feed unit: Report
May 13, 2021
Vietnam’s diversified company Masan Group is seeking to raise up to $1 billion for its animal feed unit, according to a Bloomberg report on Thursday.
The conglomerate is exploring options including a strategic stake sale for the unit, which is operated by subsidiary Masan MEATLife, the report said.
Shares of Masan MEATLife currently trade on Vietnam’s Unlisted Public Companies Market (UPCoM) — a small bourse for companies before they go public on Vietnam’s main stock exchanges — and are valued at $810 million. The company leadership feels the unit is “under-appreciated by the market,” said the Bloomberg report.