GIC among bidders vying for stake in Vietnamese grocery chain Bach Hoa Xanh: report

GIC among bidders vying for stake in Vietnamese grocery chain Bach Hoa Xanh: report

FILE PHOTO: A signage of Singapore's sovereign wealth fund GIC is pictured at their office in Singapore July 13, 2023. REUTERS/Edgar Su/File Photo

Singapore’s sovereign wealth fund GIC is among investors vying to buy up to 20% stake in grocer Bach Hoa Xanh from Vietnam’s retail giant Mobile World Investment, in a deal that could value the grocery chain at up to $1.7 billion, two sources said.

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