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Conglomerate Masan Group has received a syndicated loan of US$600 million at 6.7% interest from international financial institutions. The five-year loan was arranged by BNP Paribas, Credit Suisse, HSBC, and Standard Chartered Bank from a consortium of 37…
Conglomerate Masan Group has bought another 34% in beverage chain Phuc Long Heritage to increase its ownership to 85%. It paid VND3.62 trillion ($154.60 million) for the deal on August 1, according to its half-year report. It has invested a total of VND6.45…
Vingroup JSC, Vietnam’s biggest listed firm by market value, said on Tuesday it will merge with leading consumer retailer Masan Group t create the country’s biggest retail company. Vingroup said in a statement that the two companies were finalizing legal…
Conglomerate Masan announced Wednesday that it has spent an additional $110 million to increase its ownership in the Phuc Long beverage chain from 20 percent to 51 percent. “Since Masan’s initial investment, Phuc Long has demonstrated strong synergies with…
A subsidiary of the Masan Group conglomerate has signed an agreement to acquire a 20 percent stake in tea shop chain Phuc Long Heritage Jsc. Masan’s The Sherpa Company Ltd will pour $15 million into the company, established last week to own the Phuc Long…
Chinese e-commerce giant Alibaba Group Holding and partners have invested $400 million in the retail unit of Vietnamese conglomerate Masan Group, Masan said on Tuesday. The consortium, which includes Alibaba Group and Baring Private Equity Asia, has paid for…
Conglomerate Masan Group will invest VND5 trillion ($215.7 million) in the subsidiary that controls its VinMart retail chain to help expand it. The investment would quadruple the charter capital of The Sherpa to VND6.5 trillion, it said in a statement.…
Masan has closed 421 VinMart+ convenience stores and 12 VinMart supermarkets this year as it restructures the retail business it acquired this year from Vingroup. Most of the closed stores were in Ho Chi Minh City. The closure has resulted in a cut in losses…
Conglomerate Masan has not been able to buy out instant coffee producer Vinacafe Bien Hoa JSC due to unfavorable market conditions. Its subsidiary Masan Beverage Company Limited could only purchase a 0.3 percent stake in the coffee producer via order matching…
Vietnam consumer-goods company Masan Group says it plans to shut down hundreds of VinMart and VinMart+ stores it purchased from VinGroup last year. The company said they will open 10-30 new Vinmart supermarkets and close 100-300 Vinmart+ stores this year to…
Vietnamese business giant Vingroup has agreed to merge its retail and agriculture unit with Masan Consumer Holdings, aiming to form Vietnam’s biggest retailer. The deal has the effect of spinning off Vingroup’s retail assets into a new company in which it…
Vietnamese food giant Masan is struggling to grow its beer business, which is suffering losses and could drop out of the domestic market. Masan expects a loss of $15 million this year from its White Lion beer brand, Danny Le, board member of Masan Consumer…
