Diageo buys 23% stake in Vietnam spirits producer Halico

The world's largest spirits company buys a 23.6% stake in Hanoi Liquor Joint Stock Company (Halico) from VinaCapital's Vietnam Opportunity Fund for $51.6 million in cash.

Diageo, the world's largest spirits company, is boosting its presence in Vietnam with a decision to acquire a 23.6% stake in Hanoi Liquor Joint Stock Company Halico from VinaCapital Vietnam Opportunity Fund VOF for $51.6 million in cash.

The price represents an exit multiple of 5.3 times the price VOF paid in December 2006, or an internal rate of return of 67.4%, proving that it is possible for private equity firms to exit their investments in Vietnam. This...

To continue reading, please login or register for free

Click for more on: diageo | halico | spirits | vietnam | citi | acquisition

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...