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F&N denies reports of its bid for Vinamilk stake

Nisha Ramchandani

Published Tue, Nov 3, 2015 · 09:50 PM

Singapore

FRASER and Neave (F&N) has debunked media reports which said it put in a US$4 billion bid to buy the State Capital Investment Corporation's (SCIC's) 45.1 per cent stake in Vietnam Dairy Product Joint Stock Company (Vinamilk).

"F&N has not submitted any offer to Vinamilk or the SCIC with regard to any possible offer to purchase SCIC's stake in Vinamilk," F&N said in a filing to the Singapore Exchange on Tuesday.

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