HANOI Oct 18 Vietnam is expected to set in
November the minimum price for the sale of a coveted 9-percent
stake in dairy firm Vinamilk, its biggest listed
company by market value, the State Capital Investment Corp
(SCIC) said on Tuesday.
The news came after SCIC, Vinamilk's biggest stakeholder,
said it had picked Morgan Stanley Asia, Saigon Securities
Incorp and VinaCapital Corporate Finance Vietnam as
advisers for the sale of the stake, worth about $830 million at
the current market price.
Vinamilk is one of the government's most valuable assets.
The state owns 44.7 percent of Vinamilk via SCIC, and plans to
offload all of its shares in the dairy firm in stages.
(Reporting by Mai Nguyen; Editing by Clarence Fernandez)