Is Diageo interested in gobbling up Halico? As Hanoi Liquor Joint Stock Company (Halico) is flooded by massive losses, the company's shares will likely fall, giving an opportunity to the world's biggest spirits company Diageo to acquire the remaining stake in Halico, if it still wants to. In mid-April, the State Securities Commission of Vietnam (SSC) approved Halico to list on the Unlisted Public Company Market (UpCOM) with the code “HNR.” Currently Habeco holds 54.3 per cent and Diageo 45.5 per cent in Halico. In mid-2012, Diageo increased its holding in Halico to 45.5 per cent via buying an additional 26.83 per cent stake from VinaCapital and became the second largest shareholder of Halico, following Habeco (54.3 per cent). The question is whether Diageo is interested in acquiring the remaining stake in Halico at this lower cost?

Source: VietNamNet News May 08, 2018 05:03 UTC