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VN tycoon considers major deal, competes with foreign rivals in $10bil market segment


VN tycoon considers major deal, competes with foreign rivals in $10bil market segment
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 19/05/2021
  
16:07
GMT+7
Masan Group billionaire Nguyen Dang Quang is considering a billion-dollar deal in an area that is Vietnam s strength but has been controlled by large foreign corporations for the past decade.
According to Bloomberg, Masan Group (MSN) plans to raise US$1 billion by selling its shares to strategic partners to invest in animal feed production through its subsidiary Masan MeatLife (MML).
According to this source, Masan is also thinking about organizing an initial public offering (IPO) for the animal feed business of Masan MeatLife, as it believed that Masan MeatLife (MML) is undervalued by the market. ....

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Vietnam's Masan Group looks to raise $1B for feed unit


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Company has said it is planning an IPO for subsidiary Masan MEATLife
Vietnam company Masan Group is looking to raise up to $1 billion for its animal feed unit, according to a Bloomberg report.
The company is reportedly looking for options for the unit, including a strategic sale. Masan Group has said it is planning an initial public offering (IPO) for subsidiary Masan MEATLife in 2022-23. The company hopes to achieve a 10% market share of the local $10.2 billion meat market and earn $2 billion in revenue by 2022.
In 2020, Masan MEATLife reported $696 million in revenue, an increase of 17% from the previous year. ....

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