By Mars Woo
The partnership will invest in early-stage companies that benefit the most marginalized communities in Vietnam, Indonesia, and Bangladesh.
BLand said, it was selling off the entire 32.5% of total capital contribution in BVFC to Vinhomes and its arm.
Fenox has closed its first investment in Vietnam by backing a “leading fintech company”. It is also mulling tie-ups with local corporations to set up a dedicated private fund for the country.
The Hanoi-based bank also plans to invest $300 million over the next five years to enable development of online transactions.
The deal marks the seventh investment by Mekong Enterprise Fund III that was launched in 2015.
The Hanoi-based lender priced its April initial public offering (IPO) at the top of a marketing range, valuing it at $6.5 billion and making it Vietnam’s second-biggest listed bank after state-controlled Vietcombank.
Vingroup raised $1.3 billion from Singapore’s wealth fund GIC by selling a stake in two units and through a loan in April.
It has injected an eight-digit-US dollar amount into Institution American Education Vietnam (IAE)
Vina SCG Chemicals, a wholly owned subsidiary of SCG, has signed an agreement with Vietnam Oil and Gas Group (PetroVietnam) to acquire the latter’s 29 per cent stake in LSP.
UK-based ISP may purchase a majority stake for about $150m, including debt.