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