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| Vietnam's Masan Group in $200m KKR deal | Vietnam's Masan Group in $200m KKR deal |
| (about 17 hours later) | |
| Private equity fund KKR has increased its share in Vietnam's leading fish, soya and chilli sauce producer. | Private equity fund KKR has increased its share in Vietnam's leading fish, soya and chilli sauce producer. |
| The $200m (£125m) deal with Masan Group is the largest by a private equity firm so far in Vietnam. | The $200m (£125m) deal with Masan Group is the largest by a private equity firm so far in Vietnam. |
| As well as sauces Masan makes instant foods such as noodles, cereals and coffees. The firm estimates that 90% of local households use its products. | As well as sauces Masan makes instant foods such as noodles, cereals and coffees. The firm estimates that 90% of local households use its products. |
| Vietnam has a population of 88 million and while its economy has slowed food spending is expected to increase. | Vietnam has a population of 88 million and while its economy has slowed food spending is expected to increase. |
| KKR originally invested $159m in Masan Consumer back in 2011. | KKR originally invested $159m in Masan Consumer back in 2011. |
| "Doubling our investment in less than two years demonstrates our strong conviction in Vietnam's growth story," said Ming Lu, KKR regional head of Southeast Asia. | "Doubling our investment in less than two years demonstrates our strong conviction in Vietnam's growth story," said Ming Lu, KKR regional head of Southeast Asia. |
| KKR has holdings in other food manufacturing companies such as Del Monte foods, Korea's Oriental Brewery and China Modern Dairy. |