Skip to content
Subscriber Only

Singha to Take $1.1 Billion Stake in Vietnam's Masan Units

  • Singha to buy stakes in two Masan units with new capital
  • Masan shares rise most since March 2014 after deal announced

Singha Asia Holding Pte Ltd is investing $1.1 billion in Masan Group Corp’s consumer and brewery units to take advantage of Vietnam’s young and growing middle class, the companies said in a joint statement today.

Singha, a privately held unit of Thailand’s Boon Rawd Brewery, will acquire 25 percent of Masan Consumer and 33.3 percent of Masan Brewery in a transaction comprised entirely of new capital that is expected to close in January, according to the statement. Masan Group is Vietnam’s largest listed consumer company by market capitalization.