Jollibee Cedes Control of Highlands Coffee
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5 Articles
Jollibee Foods Corporation has just signed an agreement to sell 11% of its shares in the company that owns Highlands Coffee to Viet Thai International for VND 2.3 trillion. After the transaction, David Thai's company will hold 51% and become the controlling shareholder of the coffee chain.
Vietnam's Highlands Coffee returns to founder control - Global Coffee Report
Image: Вера Тихонова/stock.adobe.comJollibee Foods Corp. has ceded majority control of Highlands Coffee, with the sale of an 11 per cent stake to Viet Thai International Joint Stock Company (VTI). The transaction covers 1.46 million shares of the holding entity of Highlands Coffee. David Thai, who is a founding shareholder of Highlands Coffee, founded VTI in 1998. The […]
Jollibee will sell an 11% stake in the company that operates Highlands Coffee to Viet Thai International Joint Stock Company (VTI), bringing the Vietnamese partner's ownership stake to 51%. The deal values the coffee chain at $800 million.
(Dan Tri Newspaper) - The buyer is Vietnam-Thailand International (VTI), owned by David Thai, who is considered the "father" of Highlands Coffee. At a price of 1.6 million VND per share, Highlands Coffee is valued at 800 million USD.
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