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India’s Adani Enterprises announces exit from Adani Wilmar stake

Adani Enterprises (AEL) will fully exit its 44 per cent stake in Adani Wilmar through a sale of 31.06 per cent to Wilmar’s subsidiary, Lence, and divestment of ~13 per cent to meet public shareholding norms.
Proceeds will fund AEL’s core infrastructure investments.
Adani Wilmar, India’s leading Food FMCG firm, will undergo a name change, pending regulatory approvals.Read More

31.12.2024Comments Off,
Vietnam’s trade with ASEAN up 13.9% YoY to over $76.3 bn over Jan-Nov

Vietnam’s trade with other ASEAN member states rose by 13.9 per cent YoY over the first 11 months this year to over $76.3 billion.
The figure is behind those of China, the US and South Korea.
Exports and imports were worth $33.8 billion and $42.4 billion respectively during the period.
Thailand was the biggest trade partner of Vietnam in the bloc, with trade worth $18 billion during the period.Read More

31.12.2024Comments Off,