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Established in 1930, southern Binh Thuan province’s Vinh Hao was the first domestic mineral water producer in Vietnam and is today one of the most recognised and trusted brands in the bottled beverage sector in the country. Its portfolio comprises of mineral water, purified water and mineral water-based soft drinks.
Masan Consumer is a market leader in sauces, instant noodles and instant coffee.
On the back of the transaction, Masan Consumer plans to launch a cash tender offer process at similar commercial terms to increase its stake.
Masan Group said the contemplated purchase and tender offer were subject to customary corporate and regulatory approvals.
Masan is one of Vietnam’s largest private sector business groups, with its score business including consumer goods, mining and banking.