In a filing, Platinum Victory said it plans to divest all 125.76 million Vinamilk shares it holds, equivalent to a 6.02% stake.
The deal is expected to provide a stable revenue base in the Vietnamese market and support the company’s broader global growth strategy.
Meanwhile, research shows that the global market size for animal antibiotics is likely to more than triple in the next decade.
Following its debut, the two partners plan to expand the GippsNature portfolio to a full range of premium milk formulas and nutritional solutions for all life stages
Founded in 1991, Betagen is for its sterilized drinking yogurt and signature fermented milk products.