Within the framework of the previously signed agreement, on January 28 Singha Asia Holding transferred $650 million of investment for purchasing shares of Masan Group. Of this, $600 million were transferred to pay 14.3% of the shares of Masan Consumer Holdings (MCH), and the remaining $50 million were for payment of 33% of the shares of Masan Brewery.
According to the agreement, Singha will invest a total of $1.05 billion for purchasing of 25% of the shares of Masan Consumer Holdings.
Masan Consumer Holdings is a subsidiary of Masan Group, which owns 100% of the subsidiary’s shares. In turn, Masan Consumer Holdings owns 100% of the shares of Masan Brewery and 77.8% of the shares of Masan Consumer.
Most of the shares which MCH purchased from MC were taken from KKR (Kohlberg Kravis Roberts). Hedge funds have invested $360 million for purchasing of 18% of the shares of Masan Consumer.
In early 2015, 95 million of the shares of Masan Consumer were belonged to two funds of KKR. More than 50 million of shares were sold in mid-2015 and another 42 million were sold to MCH during the last transaction.