Vietnam's Vincom Retail in stake sale talks with strategic investors | Reuters News Agency
Deals

Vietnam’s Vincom Retail in stake sale talks with strategic investors

29 March 2023, 3:20 pm 1 minute
By Reuters News Agency

Sources exclusively revealed to Reuters that Vietnam’s largest conglomerate, Vingroup (VIC.HM), is in discussions to sell a stake in its shopping mall arm as it seeks to bring in strategic investors. 

Market Impact

Vincom Retail (VRE.HM), Vietnam’s biggest shopping mall operator, which is nearly 60% controlled by Vingroup, commands a market value of $2.8 billion.



Article Tags
Topics of Interest: Deals
Type: Reuters Best
Sectors: Business & FinanceRetail & Consumer Goods
Regions: Asia
Countries: Vietnam
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Traffic moves past a Vincom trading center in Hanoi March 29, 2012. Vincom Joint Stock Co, Vietnam's leading real estate developer, has raised $185 million via five-year dollar bonds and plans to list them on the Singapore stock exchange, it said in a statement late on Wednesday. REUTERS/Kham (VIETNAM - Tags: BUSINESS REAL ESTATE)
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