Mitsui to acquire 35pc stake in Vietnamese shrimp producer Minh Phu
Minh Phu owns two processing plants and shrimp farms equivalent to an area of 900 hectares in southern Vietnam
Japanese trading group Mitsui & Co., Ltd. has agreed with Vietnam-based Minh Phu Seafood Joint Stock Company, the world's biggest shrimp integrator from farming to processing and sales, to acquire a 35.1 per cent equity interest of the company for JPY 17 billion (approximately USD150 million).
Minh Phu owns two processing plants and shrimp farms equivalent to an area of 900 hectares in southern Vietnam. It has built a strong position by vertically integrating all stages from shrimp farming to processing and sales. Minh Phu's extensive range of products, including value-added products, are ex...