Masan Group Corporation’s acquisition of Vingroup’s retail and agriculture units
YKVN advised Masan Group Corporation (HOSE: MSN) as sole counsel in relation to its acquisition of the Vingroup’s retail and agriculture units – VinCommerce and VinEco through share swap.
The Vingroup’s retail and agriculture units – VinCommerce and VinEco are transferred to MSN and together with MSN’s subsidiary – Masan Consumer Holdings will be the country’s biggest retail group. The new venture will create farm- or factory-to-store business entity and will lead “the development of Vietnam’s consumer-retail industry toward regional scale.”
Post-acquisition, Vingroup (HOSE: VIC) will swap all shares in VinCommerce and VinEco into shares of the retail group of which, MSN will be the controlling shareholder and Vingroup will be a significant minority shareholder.
MSN is currently the leading FMCG player in the local market.