Vinamilk to take full stake of Angkormilk

Vietnamese state-owned diary giant Vinamilk will take a full stake of Angkor Dairy Products, better known as Angkormilk, by acquiring another 49% stake from its Cambodian partner, according to Vietnamese media. The deal, which would increase Vinamilk’s investment capital in Angkormilk from $10.2mn to $21mn, was officially agreed by the two companies and signed off by Vietnam’s Ministry of Planning and Investment last Thursday, according to state-owned Vietnam News. Angkormilk inaugurated a 27,000-square-meter in Phnom Penh SEZ last May. (Source: Phnom Penh Post)