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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.