US-based AES Corp will sell its 51% stake in Vietnam’s Mong Duong 2 coal-fired power plant, while Hanoi-based lender SeABank will list 1.2 billion shares on the Ho Chi Minh City Stock Exchange in the first quarter of this year.
AES Corp to sell 51% stake in Mong Duong 2
NYSE-listed AES Corp will sell its entire equity interest in Vietnam’s Mong Duong 2 coal-fired power plant to a consortium led by a US-based investor. This transaction is expected to close in late 2021 or early 2022.
