By Antonia Timmerman
The loan from ADB is expected to help develop basic infrastructure across key sectors including trade, transport, health, and agriculture.
The deal marks a key step for billionaire Charoen Sirivadhanabhakdi’s company as it seeks to dominate Southeast Asia’s beverage market.
The only other investor in the fray is an individual seeking a smaller holding.
Women hold 14 percent of CEO or board level positions in Malaysia and 10 percent in Singapore. Indonesia came in last among the four countries, at 6 percent, according to data from the Boston Consulting Group.
Carlsberg, which already owns 17.3 percent of shares in Habeco, has been discussing its priority purchase rights with the Vietnamese government for years.
French Aeroports de Paris, its sole foreign strategic shareholder, and Singapore’s Changi Airport were reportedly interested in acquiring this stake.
Vietnam is seeking to raise at least $4.8 billion in the country’s biggest stake sale.
The deal marks Asia-focused PYN Elite Fund’s first investment in a Vietnamese bank.
Thai Beverage, Anheuser-Busch InBev and Kirin Holdings are gearing up to bid for Sabeco, whose $5 billion sale process opens this week.
Vietnam aims to raise at least $297 million by selling a 20 per cent stake in Petrovietnam Power Corporation and at least $155 million by selling 7.79 per cent of the Binh Son Refining and Petrochemical company,