Thailand’s second richest billionaire ready to acquire Vinamilk – eDairyNews
Countries Thailand Singapore |27 septiembre, 2016

Foreing trade | Thailand’s second richest billionaire ready to acquire Vinamilk

Two companies from Thailand and Singapore, willing to buy state shares in Vinamilk, the nation’s leading dairy producer, belong to one powerful owner.

Local newspapers quoted sources as reporting that Charoen Sirivadhanabhakdi, the second richest billionaire in Thailand, wants to buy as many Vinamilk stakes as possible in the first sale campaign.
The billionaire is the owner of ThaiBev, the owner of Chang beer brand in Thailand, and Fraser & Neave, a drink manufacturer in Singapore well known for F&N brand.

ThaiBev does not hold Vinamilk shares. However, with the purchase of F&N, all of the Vinamilk’s shares owned by Singaporean beverage company have fallen into the hands of the Thai billionaire.

The billionaire has an ambitious plan to conquer the Vietnamese market and never makes any secret of it. He wants to hold power in Vinamilk and penetrate the Vietnamese beverage market through the large distribution network built up over tens of years by Vietnam’s leading dairy producer.

Charoen also intimated that he is willing to spend $1 billion to buy Sabeco stakes when the government divests from the brewer.

Two companies from Thailand and Singapore, willing to buy state shares in Vinamilk, the nation’s leading dairy producer, belong to one powerful owner.
In 1991, he joined forces with Danish Carlsberg to penetrate the Thai beer market which was then dominated by Boon Rawd, the brewer that made Singha brand beer.

Just three years later, he launched his own beer into the market – Chang beer. Within five years, Chang beer accounted for 60 percent of the domestic market share, becoming the symbol beer brand for Thailand.

However, the 72-year-old billionaire not only targets the domestic market. With the successful takeover of Singaporean F&N, and possibly Vietnamese Vinamilk and Sabeco in the future, he may become the most influential power in South East Asia in bottled drink manufacturing.

As for Vinamilk, local newspapers quoted a Ministry of Finance’s official as describing Vinamilk as a ‘beautiful girl’, meaning that Vinamilk is a profitable company that many investors want.

Forbes also commented that Vinamilk, from a condensed milk producer with just two factories, has become a large corporation with market capitalization value of $9.4 billion and an attractive business in investors’ eyes.

Vinamilk has for the first time found its name on Forbes’ list of top 50 companies in Asia (Fab 50). It is also the first Vietnamese business which found its name on the list of Asian leading businesses released annually by Forbes since 2005.

Fiachra Mac Cana, managing director of Ho Chi Minh Securities, said Vinamilk is dominating the market with 92 million people through a dense distribution network. In order to build up such a large distribution network, its rivals will have to accept losses for 10 years.

 

Source: TalkVietnam

Link: https://m.talkvietnam.com/2016/09/thailands-second-richest-billionaire-ready-to-acquire-vinamilk/

 

Legal notice on Intellectual Property in digital content

All information contained in these pages that is NOT the property of eDairy News and is NOT considered "in the public domain" by legal regulations, are trademarks of their respective owners and recognized by our company as such. The publication on the eDairy News website is made for the purpose of gathering information, respecting the norms contained in the Berne Convention for the Protection of Literary and Artistic Works; in Law 11.723 and other applicable norms.

Any claim arising from the information contained on the eDairy News website will be submitted to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentine Republic, with a seat in the City of Córdoba, to the exclusion of any another jurisdiction, including the Federal.

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

Related news