GIC, Mizuho invest $265m in Vietcombank
GIC Private has invested in Vietcombank through a joint deal with Mizuho Bank worth VND6.2 trillion ($265 million), underlining the strong interest among private and strategic investors in Vietnam’s financial sector.
Vietcombank issued 111.1 million new shares, the bulk of which went to GIC, according to a statement. The Singaporean sovereign wealth fund now holds a 2.55% stake. Mizuho participated in the transaction...
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