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SK Group to acquire 16.26 per cent stake in VinCommerce

SK Group to acquire 16.26 per cent stake in VinCommerce
12:12 | 06/04/2021
Masan Group Corporation and SK Group today announced the signing of definitive agreements for SKâs acquisition of a 16.26 per cent stake in VinCommerce (VCM) for a total cash consideration of $410 million. The transaction values VCM at $2.5 billion.
VinMart supermarket chain of Masan has become a favoured destination for shoppers
As the leading players in their industry, Masan and SK share the same view on the explosive growth trajectory of Vietnamâs modern trade grocery retail (MT) scene.
Along with this, Vietnamâs MT market is expected to increase its share from 8 to 50 per cent of the retail landscape, making Vietnam the fastest-growing MT market in the Asia-Pacific region over the next decade. ....

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SK invests in Vietnam's VinCommerce

SK invests in Vietnam s VinCommerce
Posted : 2021-04-06 16:39
Updated : 2021-04-06 19:32
SK South East Asia Investment Managing Director Park Won-chul, right, and Vice President Kwon Hye-jo, left, pose with Masan Group CEO Danny Le on screen at SK s building in central Seoul, Tuesday, after signing a deal about SK s investment in Masan s retail unit, VinCommerce. Courtesy of SK
By Kim Bo-eun
SK Group said Tuesday its subsidiary in Southeast Asia has invested in Vietnam s top retailer, VinCommerce.
SK South East Asia Investment acquired 16.3 percent of the firm s shares for 460 billion won ($410 million), as part of a strategic partnership with its parent company, Masan Group, SK said. ....

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