UOB, Orix commit $50m to Vietnam hydropower player
Singapore’s UOB Venture Management (UOBVM) and Japanese financial group Orix Corp. plan to invest $50 million in Bitexco Power Corporation, the largest privately-owned hydropower company in Vietnam.
UOBVM, a subsidiary of the United Overseas Bank, and Orix will each contribute $25 million to the deal. UOBVM will invest from its ASEAN China Investment Fund III, which closed at $300 million last year....
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