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December 4, 2019updated 02 Jan 2020 9:44am

Vietnam’s Vingroup and consumer retailer Masan announce merger

Vietnamese conglomerate Vingroup and consumer retailer Masan Group have agreed to merge some of their units to form a new consumer goods and retail company.

Vietnamese conglomerate Vingroup and consumer retailer Masan Group have agreed to merge some of their units to form a new consumer goods and retail company.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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The Memorandum of Understanding signed by both the parties also aims to strengthening their activities.

Under this agreement, Vingroup’s retail unit VinCommerce and its agriculture unit VinEco will merge with Masan Consumer.

Masan Consumer is a Vietnamese-branded food and beverage company with brands, such as Chin-su, Nam Ngu, Tam Thai Tu, Omachi, Kokomi, Vinacafe, Wake-Up, Vinh Hao and Quang Hanh.

Vingroup will swap all shares in VinCommerce into shares of the new entity after the merger. Masan Group will take control of the operation and Vingroup will remain the shareholder.

Masan consumer board of directors chair Truong Cong Thang said: “Vingroup has completed its mission to create the leading effective clean agriculture and retail system in Vietnam.

“Now, we will receive this flag to continue our mission to serve consumers, ensuring a fair playing field for Vietnamese manufacturers. At the same time, the joining of VinCommerce and VinEco not only resonates and enhances the value of Masan’s core competencies, but also helps us to quickly achieve our goal of becoming the leading Retail – Consumer Group in water, towards reaching the world.”

The merged company will own a distribution network of over 2,600 VinMart & VinMart+ stores in 50 provinces.

It will also own 14 high-tech farms of VinEco.

After the merger, VinCommerce customers will continue to enjoy the existing privileges in Vingroup’s, including VinID card privileges policies for customers.

The employees of VinMart & VinMart+ will also receive additional compensation from Masan.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.