Deutsche Bank ups stake in dairy giant Vinamilk

 Deutsche Bank has acquired 3.55 million shares in Vinamilk (VNM), increasing its stake in the dairy processor to 5.42 per cent, Vinamilk announced yesterday. The transaction was completed on August 15 with a final transfer of nearly 3.7 million shares worth an estimated VND415 billion (US$19.7 million). Prior to the purchase, the German bank held a 4.78 per cent stake in Vinamilk. VNM closed up by 1 per cent yesterday to VND103,000 per share.

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