Singapore's GIC-led consortium to invest $500 Mln in Vingroup's unit

HANOI, Sept 9 (Reuters) - A consortium led by Singapore's state investor GIC Pte Ltd GIC.UL has signed an agreement with Vietnam's largest conglomerate Vingroup JSC VIC.HM to buy a stake in one of the latter's units for $500 million, GIC said on Monday.

Vingroup will remain the controller shareholder of the unit, VCM Services and Trading Development Joint Stock Company, after the deal, GIC said in a statement.

(Reporting by Khanh Vu, editing by Louise Heavens)

((khanh.vu@thomsonreuters.com; +84 24 38259623;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.