Vietnam Dealbook: Malaysia's Mitra Energy, Thai Union strike M&As

Malaysia’s Southeast Asia-focused oil and gas group Mitra Energy has reached a sales and purchase agreement with Japan’s Teikoku Oil to acquire a 30 per cent interest in Vietnam’s oilfields in the Nam Con Son basin. Meanwhile, Songkla Canning, a wholly-owned subsidiary of Thai Union Group, will increase its stake in Vietnam-incorporated canned seafood producer from 51 per cent to over 95 per cent.