Vietnam's Vingroup sells 41.5% Vincom Retail stake to undisclosed partner for nearly $1bn.
Vietnam's Vingroup sold a 41.5% stake in its retail subsidiary Vincom Retail to an undisclosed partner for an undisclosed sum, keeping an 18.8% stake in the company. The transaction is expected to conclude between March and the third quarter of this year, with the stake valued at nearly $1 billion. Vingroup is investing in its electric vehicle maker, VinFast, and expanding in other sectors.
March 18, 2024
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