MillerCoors has announced a $60m investment in Shenandoah Valley Brewing Company, a producer of brewery products.

MillerCoors is a producer, distributor and marketer of beers.

Both Shenandoah Valley Brewing Company and MillerCoors are based in the US.

US-based food and beverage products producer Mondelez International has acquired the remaining 20% stake in Kinh Do Binh Duong Joint Stock Company from Kinh Do Corporation for VND2tn ($89.86m).

Kinh Do Binh Duong is a confectionery producer, while Kinh Do Corp. is a producer of biscuits, buns, snacks, cakes, moon cakes, ice cream and yogurt.

Both companies involved in the transaction are based in Vietnam.