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Top 10 M&A deals in Vietnam revealed

Released at: 17:10, 20/07/2016

Top 10 M&A deals in Vietnam revealed

Photo: Viet Tuan

Mergermarket report shows consumer sector leading the way in Vietnam and in Southeast Asia.

by Linh San

The value of M&A activities in the first half of 2016 in Vietnam reached $1.551 billion in 20 deals, according to the “South East Asia M&A Trend Report H1 2016” launched on July 19 by Mergermarket, an independent M&A intelligence service with an unrivaled network of dedicated M&A journalists based in 62 locations across the globe.

M&A activities in Vietnam in the first half fell 34 per cent compared to the same period last year, when the value was $2.351 billion in 29 deals. Mergermarket’s data runs from January 1 to June and is correct as at July 18.

The consumer sector stood out in the first half, driven by the divestment of Thailand’s Casino Guichard Perrachon in its Big C Supercenter in Vietnam for $1.1 billion. Other major deals were seen in energy, leisure, financial services, food, real estate and e-commerce.

M&A activities in Vietnam
(first half of 2014 to first half of 2016)

Period Value ($m) Volume
H1 2014 205 10
H2 2014 642 15
H1 2015 2,351 29
H2 2015 1,488 18
H1 2016 1,551 20

As in Vietnam, the consumer sector was also prominent in Southeast Asia in the first half, with 16 deals worth $8.3 billion, an increase of 556.9 per cent and driven by the two divestments by Casino Guichard Perrachon in its Big C Supercenter in Thailand and Vietnam for $6.2 billion and $1.1 billion, respectively.

Given the continuing downward trend seen since 2013 in Southeast Asia, total M&A activity during first half showed a revival by deal value, recording $29.8 billion in 188 deals, up 41.2 per cent.

Top 10 Vietnam deals for first half of 2016
Announcement Date Bidder Bidder Geography Target Target Geography Target Industry Seller Deal Value ($mil)
29-Apr-16 Central Group Thailand Big C Vietnam Vietnam Consumer: Retail Casino Guichard Perrachon SA 1,140
14-Apr-16 JX Nippon Oil & Energy Corporation Japan Vietnam National Petroleum Group (8% Stake) Vietnam Energy   184
23-Mar-16 Hotel Properties Limited Singapore American Indochina Resorts Limited Vietnam Leisure   57
07-Jun-16 FWD Group Management Holdings Limited Hong Kong Great Eastern Life (Vietnam) Co. Ltd Vietnam Financial Services Great Eastern Life Assurance Co Ltd 35
16-Jun-16 Daesang Corporation South Korea Duc Viet Food Joint Stock Company Vietnam Consumer: Foods   32
13-Jun-16 Phuc Hung Import Export Company Limited Vietnam Vina-CPK Limited Company (97.2% Stake) Vietnam Real Estate Vietnam Infrastructure Limited 22
08-Jan-16 Kato Sangyo Co., Ltd. Japan Toan Gia Hiep Phuoc Trading and Food Processing Joint Stock Company Vietnam Services (other)   19
16-May-16 VNG Corporation Vietnam Tiki Corporartion (38% Stake) Vietnam Internet / ecommerce   17
30-Mar-16 C Y Foundation Group Ltd Hong Kong One Opera Danang Hotel (45% Stake) Vietnam Leisure Mr. My Ngoc Nguyen (Private investor) 14
28-Apr-16 Bamboo Capital JSC  Vietnam Viet Nam Energy and Infrastructure Investment JSC (50% Stake) Vietnam Energy   11

Source: Mergermarket, July 19, 2016

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