Vietnam's PV Power eyes $600m from IPO, strategic investors

Vietnam's PV Power eyes $600m from IPO, strategic investors

Photo: Reuters

Vietnam’s electricity major PetroVietnam Power Corporation (PV Power) said to sell down a major minority stake of 49 per cent as it expected an initial public offering to be completed in August, a transaction that could be valued at $600-700 million, a top executive with the company confirmed.

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