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Business

Fraser & Neave to snap up another 5.4% of Vinamilk

$500m move reflects parent Thai Beverage's thirst for foreign revenue

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Vinamilk products at a supermarket in Hanoi   © Reuters

SINGAPORE -- Beverage group Fraser & Neave is poised to pay about $500 million for an additional 5.4% stake in Vietnam Dairy Products, better known as Vinamilk.

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