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VinaCapital Vietnam Opportunity Fund selling stake in An Giang Plant Protection

VOF : VinaCapital Vietnam Opportunity Fund selling stake in An Giang Plant Protection

An Giang Plant Protection is the leading pesticides manufacturer and distributor in Vietnam. VinaCapital Vietnam Opportunity Fund is selling its 23.6% stake in the company for $63.1m. Over the period that VOF has held the stake it has generated an IRR of 23.7%.

Andy Ho, manager of VOF, says they are considering deploying the proceeds into “a few major private equity investment opportunities and the ongoing share buyback programme”.

 

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