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Vietnam-based Masan Group in talks to raise $1b for animal feed unit: Report

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.

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