Unilever investment in Vietnam
Unilever today announced that it has invested an undisclosed amount in its subsidiary in Vietnam.
Under the terms of an agreement with Vinachem, who owned 33.3% of the business, Unilever increased its ownership to 100%.
Since its entry into Vietnam in 1995, Unilever has been one of the leading and most successful foreign investors in the country in the FMCG sector.
The transaction has successfully passed the relevant regulatory approvals and has now been completed.
Unilever’s mission is to add vitality to life. They meet everyday needs for nutrition, hygiene and personal care with brands that help people feel good, look good and get more out of life. Unilever is one of the world’s leading suppliers of fast moving consumer goods with strong local roots in more than 100 countries across the globe. Its portfolio includes some of the world’s best known and most loved brands including thirteen €1 billion brands and global leadership in many categories in which the company operates. The portfolio features brand icons such as Knorr, Wall’s, Flora, Dove, Lynx, Persil, Marmite and Pot Noodle. Unilever has around 174 000 employees in approaching 100 countries and generated annual sales of €40 billion in 2008. More information about Unilever and its brands can be found at www.unilever.com.
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