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Singha buys stakes in units of Vietnam's Masan Group for $1.1bln
December 25, 2015 / 8:18 AM / 2 years ago

Singha buys stakes in units of Vietnam's Masan Group for $1.1bln

HANOI, Dec 25 (Reuters) - Singha Asia Holdings Pte Ltd on Friday signed a $1.1 billion strategic deal with Vietnam’s Masan Group to buy stakes in two of the consumer goods firm’s unlisted units, the companies said in a joint statement.

Singha would buy 25 percent of Masan Consumer Holdings and 33.3 percent of Masan Brewery in a deal that aims to help Singha expands in Vietnam, a market of 90 million people, and give Masan a foothold in Thailand.

The deal is expected to be concluded in January 2016, the statement said. (Reporting by Mai Nguyen; Editing by Martin Petty)

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