China's CDH Investments is in talks to buy a minority stake in Vietnam's $1.7bn grocery chain, Bach Hoa Xanh, from Mobile World.

China's CDH Investments is in talks to buy a minority stake in Vietnam's $1.7 billion grocery chain, Bach Hoa Xanh (BHX), from the country's largest retail group, Mobile World. CDH, one of China's biggest alternative investment firms and a former Mobile World investor, has reportedly outbid rivals to secure a potential stake of up to 10%. Negotiations are ongoing, and a deal could be struck as early as next month.