Dragon Capital sells Vietnam mining JV to TPG investee
Tiberon Minerals, owned by Vietnam-based investment firm Dragon Capital, will sell a control stake in the Nui Phao Mining Joint Venture Company, a tungsten mining project in development, to Masan Group, backed by TPG Capital.
As part of the deal, Dragon Capital will also become a shareholder of Masan. Dragon Capital acquired a controlling stake in the mine for $247 million in 2006. Located in the Thai Nguyen Province, the...
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