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VinSmart to acquire 60% of Archos

Vietnamese conglomerate Vingroup has announced that it has struck a deal to acquire a 60% stake in French consumer electronics brand Archos. Through its subsidiary VinSmart, Vingroup will initially take a 29.5% stake in Archos with an agreement in place to increase its ownership up to 60%. The companies plan to collaborate on the production and distribution of consumer electronics products. Vingroup is listed on the Ho Chi Minh stock exchange with a market capitalisation of nearly US$16 billion. Read full story

by Stuart Wilson, Wednesday 8 May 2019

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