Live Breaking News & Updates on Vietnam Lifes Koreas Sk Group Spends 410mn Buying 16 26 Stake In Vincommerce Of Vietnams Masan

Tuesday, April 06, 2021, 14:21 GMT+7
This supplied photo shows an employee checking goods at a shelf at a VinMart supermarket in Vietnam.
Vietnam s Masan Group Corporation and SK Group from South Korea on Tuesday announced the signing of definitive agreements for the latter s acquisition of a 16.26 percent stake in the former s VinCommerce for a total cash consideration of US$410 million.
The transaction values VinCommerce at $2.5 billion for 100 percent of its equity, the two sides said in a statement.
Masan and SK share the same view in Vietnam’s Modern Trade Grocery Retail (MT) explosive growth trajectory.
Vietnam’s MT market is expected to increase its share to 50 percent from eight percent of the retail landscape, making the country the fastest-growing MT market in the Asia-Pacific region over the next decade. ....

Republic Of , South Korea , Cholla Namdo , Truong Cong Thang , Credit Suisse Singapore , Sk Group , Masan Group , Vietnam Masan Group Corporation , Masan Group Corporation , Modern Trade Grocery Retail , Woncheol Park , Asia Investment , Very Best , Modern Trade , Southeast Asian , Vietnam Lifes Koreas Sk Group Spends 410mn Buying 16 26 Stake In Vincommerce Of Vietnams Masan , குடியரசு ஆஃப் , தெற்கு கொரியா , ட்ராஂக் காங் தங் , கடன் ஸ்யூயி சிங்கப்பூர் , ஸ்க் குழு , மசன் குழு , வியட்நாம் மசன் குழு நிறுவனம் , மசன் குழு நிறுவனம் , நவீன வர்த்தகம் மளிகை சில்லறை , ஆசியா முதலீடு ,