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Jardine C&C purchases 5.53% stake in Vinamilk

US$616.6m buy-in for leading Vietnamese dairy producer comes around a year and a half after government scraps foreign ownership limit on the company


MAINBOARD-LISTED Jardine Cycle & Carriage (Jardine C&C) is taking a 5.53 per cent stake in a leading Vietnamese dairy producer, after an auction last Friday by the State Capital Investment Commission of Vietnam (SCIC).

The US$616.6...

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