Vinamilk acquires bigger stake in GTNFoods

June 13, 2019

Vietnam’s Vinamilk (VNM) has bought more than 90 million GTNFoods (GTN) shares, increasing its ownership to 38.24%, compared to 2.3% before the deal. Initially, with the public offer plan, VNM targeted 49% ownership. The aim of Vinamilk is to jointly develop and enhance the competitiveness of the Vietnamese milk sector, according to Ms Mai Kieu Lien, VNM General Director. Currently GTN owns 75% of the shares of Vietnam Livestock Corporation.