Deutsche Bank ups stake in dairy giant Vinamilk
Deutsche Bank has acquired 3.55 million shares in Vinamilk (VNM), increasing its stake in the dairy processor to 5.42 percent, Vinamilk announced on Aug. 28.
Deutsche Bank has acquired 3.55 million shares in Vinamilk (VNM), increasing its stake in the dairy processor to 5.42 percent, Vinamilk announced on Aug. 28.
The transaction was completed on August 15 with a final transfer of nearly 3.7 million shares worth an estimated 415 billion VND (19.7 million USD).
Prior to the purchase, the German bank held a 4.78 percent stake in Vinamilk.
VNM closed up by 1 percent on Aug. 28 to 103,000 VND per share.-VNA
The transaction was completed on August 15 with a final transfer of nearly 3.7 million shares worth an estimated 415 billion VND (19.7 million USD).
Prior to the purchase, the German bank held a 4.78 percent stake in Vinamilk.
VNM closed up by 1 percent on Aug. 28 to 103,000 VND per share.-VNA
You should also see
Dien Bien Phu Victory remains source of encouragement for national construction, development
Chief of the General Staff of the Vietnam People’s Army and Deputy Minister of National Defence Senior Lieutenant General Nguyen Tan Cuong has granted an interview to the Vietnam News Agency on the occasion of the 70th anniversary of Dien Bien Phu Victory (May 7, 1954-2024).
See more
Business
Vietnam National Brand Week 2024 opens
The Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) opened the Vietnam National Brand Week 2024 in Hanoi on April 16.
Business
Government urged to probe gold traders to prevent possible market manipulation
The National Assembly (NA) Standing Committee has asked the Government and the Prime Minister to investigate gold trading firms to promptly address any violations in business activities and possible market manipulation, amid soaring domestic prices.
Business
Tra Vinh exports organic coconut flower nectar to Australia
The Tra Vinh Farm Co., Ltd (Sokfarm) in the Mekong Delta province of Tra Vinh has successfully exported its first shipment of organic coconut flower nectar products to Australia - the fifth main importer of the locality’s product.
Business
Real estate market thrives, entities ready to re-enter market
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
Business
Garment & textile sector tries to keep growth momentum
The Vietnamese garment and textile sector is carrying out various measures to bolster production and business activities amidst formidable challenges posed by falling demand, high inventory, and geopolitical instability in several countries, according to insiders.
