Texas Pacific Group (TPG) to invest $50 million in Masan Agriculture

Masan AgriculturalTexas Pacific Group, one of the largest private equity investment firms globally, on July 2 announced signing a contract to buy 49 percent stake of Hoa Muoi Gio Company valued at $50 million.

Hoa Muoi Gio Company, whose name will be changed to Masan Agriculture, is a subsidiary of Masan Consumer.According to the contract, Texas Pacific Group will provide Masan Agriculture with technical knowledge and capital to help become a leading company in the agriculture sector in Vietnam.
Currently, Masan Agriculture is holding 40 per cent stake of Proconco, the largest cattle-feed manufacturer in the country.