Vietnam's Masan buys 14 pct of food firm Vissan for $64 mln

Anco, a unit of Vietnam's Masan Nutri-Science, Masan Group 's animal feed unit, has bought 14 percent of top Vietnamese food firm Vissan for $63.9 million, local media reported on Thursday.

Dong Nai-based Anco bought 11.33 million shares of Vissan for 126,000 dong ($5.64) each, news website VnExpress reported.

State-run Vissan, Vietnam's leading foodstuff processor, raised $41 million in an initial public offering earlier this month.

Vissan CEO Van Duc Muoi confirmed the stake sale when contacted by Reuters. ($1=22,340 dong).

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