By Quynh Nguyen
The shares will be offered to FIIs including one or more existing shareholders of Vietcombank and no more than 10 investors.
IFC, which invested in the bank in 2011, is working with an adviser on the potential sale of its 8 percent stake.
The general partner said it was one of the first private equity funds in Asia to have fully divested three funds.
Indochina – which comprises Cambodia, Laos, Myanmar, Vietnam and Thailand – is fast catching investor interest even though the return timeline appears to be long drawn.
Following the deal, SK will own 9.5 per cent in Masan, making it the largest shareholder in the Vietnamese entity.
Backers include Access Ventures, Nextrans, FuturePlay from Korea, and Viet Capital Ventures.
The future of PE in emerging markets is all about acting on data-driven insights about what works and doesn’t work, says Mekong Capital founder and partner Chris Freund.
S Korea’s Nextrans and Vietnam’s VIC Partners also participated in the round.
Carlsberg currently holds 17.34 percent of Habeco and has expressed an interest in raising the stake, but discussions have dragged for years.
The move comes shortly after Vntrip raised its third round of funding from Switzerland’s IHAG Holding, which saw its valuation go up to $45 million in August.