Blue Point completed the acquisition of a 37% stake in International Dairy Products from VinaCapital.

Blue Point completed the acquisition of a 37% stake in International Dairy Products, a Vietnam-based dairy producer, from VinaCapital, an investment and asset management firm, for $45m. "We are pleased to have accelerated the divestment of IDP to Blue Point, who are a Vietnamese financial and strategic investor in the consumer goods and dairy products sector. IDP is one of Vietnam's leading dairy producers and the company is in good hands with a strategic investor who will be able to form synergies with their existing portfolio of investments across the FMCG sector. We wish them every success in taking IDP through to its next phase of growth," Andy Ho, VinaCapital Chief Investment Officer.