3 June 2014
Deals | Vietnam - M&A
Gide advised Pilmico Foods Corporation, the food subsidiary of Manila-based conglomerate Aboitiz Equity Ventures on the acquisition of Vinh Hoan 1 Feed JSC, the fourth largest aqua feed producer in Vietnam and a subsidiary of Vinh Hoan Corporation - Vietnam's largest exporter of pangasius (Asian catfish).
Pilmico Foods Corporation will acquire an initial 70% equity stake in VHF and will purchase the remaining 30% within five years at a pre-agreed price.
Pilmico Foods Corporation is one of the Philippines' largest flour-milling companies and has been ranked among the top three domestic flour producers in the country. This is an important transaction for Pilmico Foods Corporation in terms of international expansion as well as a strategic partnership to enter the Vietnamese market.
Gide Vietnam advised Pilmico Foods Corporation: the transaction was led by Samantha Campbell (Partner) and Nasir PKM Abdul (Of Counsel), assisted by associates Long Huynh and Minh Nguyen.