Vietnam’s State Capital Investment Corporation (SCIC) said on Monday that it would not look for strategic investors when selling a 9 percent stake in Vinamilk, the country’s biggest listed firm, next month.
SCIC, which represents the state and owns 44.7 percent of the Vinamilk, has not decided the time for selling its remaining stake in the state-controlled dairy firm, SCIC Chairman Nguyen Duc Chi told a conference to introduce the sale set for Dec. 2.
He said F&N Dairy Investment, backed by Thai beer billionaire Charoen Sirivadhanabhakdi and which now owns 10.95 percent of Vinamilk, has not submitted any offer to buy more stakes in the firm.
By Mai Nguyen
Schumacher will replace Alan Jope, who announced his decision to retire last September, less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.
Globally, plant-based ice creams have doubled their share of the market over the last five years, according to Tetra Pack. Pea protein and coconut milk are leading the way, but Tetra Pak cites data showing that oat-based ice cream launches have doubled in the previous year.
A myriad of so-called eco-labels are being rolled out across various F&B products, but with no gold standard or strict rules governing precisely what the logos mean and what methodology is behind them, concerns are growing that they will confuse consumers and ultimately be counterproductive.