Masan Group Corporation on Wednesday announced that it has entered into agreements for a strategic partnership with SK Group to jointly pursue transformational business opportunities in Viet Nam, and to synergize existing business units. The agreements will enable both parties to draw on each other’s strengths to accelerate their respective growth strategies. SK Group will acquire all of Masan Group’s 109,899,932 treasury shares for a total consideration of approximately US$470 million to own a 9.5 per cent share in the company. SK Group is one of the largest corporate groups in South Korea, with businesses across energy, chemicals, telecommunications, semiconductors, logistics and services. It operates in over 40 countries and had revenues of US$141 billion last year. Woncheol Park, representative director of SK South East Asia Investment, said: “Viet Nam is an important foundation for our South East Asia strategy. We believe the partnership model is crucial to win … [Read more...] about Korea’s SK to buy 9.5 per cent of Masan Group for $470m
Masan
South Korea SK Group to spend US$470 million on Masan shares
The Hanoitimes - The acquisition would make SK Group the largest foreign shareholder in Masan, which is now valued at about US$5 billion. South Korea's third largest conglomerate SK Group on September 19 announced it has agreed to acquire a 9.5% stake of Masan Group - one of Vietnam's largest privately-run conglomerates, in a deal worth US$470 million, stated the latter in a statement. Illustrative photo. According to the statement, the agreements will enable both parties to draw on each other's strengths to accelerate Masan's and SK's respective growth strategies. The corporate groups aim to jointly pursue transformational business opportunities in Vietnam and to synergize existing business units. The acquisition would make SK Group the largest foreign shareholder in Masan, which is now valued at about US$5 billion. Woncheol Park, representative director of Southeast Asia Investment for SK Group, stated that Vietnam is an "important foundation" for the … [Read more...] about South Korea SK Group to spend US$470 million on Masan shares
SK to become Masan’s largest strategic shareholder
SK will invest $470 million for a 9.5 per cent share in Masan Group Today (September 19, 2018), Masan Group Corporation (HoSE: MSN) announced that it has entered into a strategic partnership with SK Group. The agreement will enable the two parties to draw on each other’s strengths to accelerate Masan’s and SK’s respective growth strategies. The corporate groups aim to jointly pursue transformational business opportunities in Vietnam and to synergise existing business units. SK Group is one of the largest corporate groups in South Korea, with s business across energy, chemicals, telecommunications, semiconductors, logistics, and services. SK Group operates globally across more than 40 countries and had a combined revenue of $141 billion as of the end of 2017. Woncheol Park, representative director of SK Southeast Asia Investment, said: “Vietnam is an important foundation for our Southeast Asia strategy. We believe the partnership model is crucial to win in … [Read more...] about SK to become Masan’s largest strategic shareholder
Masan Group to sell treasury shares worth nearly VNĐ11 trillion
Masan products on the shelves. - Photo saigondautu.com.vnViet Nam News In the first half of this year, Masan’s after-tax profit reached VNĐ3.4 trillion, rising by 560 per cent over the same period last year, largely thank to rises in revenues of Masan Consumer Holdings and Masan Resources. — VNS … [Read more...] about Masan Group to sell treasury shares worth nearly VNĐ11 trillion
Masan swimming further downstream
Masan Group is working to rise higher in the global tungsten value chain M&A activities in the past 10 years have been growing more prominent in Vietnam, with the total transaction value of $48.8 billion. In 2017 alone, the value was $10.2 billion, 10 times of what it was in 2009. It has been the norm for multinational companies to acquire Vietnamese businesses due to the acquirers’ sheer size, financial capability, and clear strategy to expand their businesses in Vietnam. Despite all that, there were a small number of M&A deals involving Vietnamese companies gaining ownership in foreign ones. These rare cases usually make headlines and serve to demonstrate Vietnamese companies’ “coming of age” as they begin to expand beyond the borders and become global players. Some of the most noteworthy deals in the last decade include FPT’s purchase of a 90 per cent stake in an American consulting company, Vinfast’s acquisition of GM Vietnam’s … [Read more...] about Masan swimming further downstream