IFC mulls $45m investment in Vietnam-focused VN Green Holdings

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed to invest up to $45 million in VN Green Holdings Pte. Ltd. (VNGH), a Vietnam-focused, Singapore-based dedicated renewable energy, according to a disclosure.

The proposed investment will be in the form of a senior, secured corporate loan to VNGH that will facilitate the acquisitions of the two subprojects in the short term, and another acquisition (expected in 2023) of an equity interest in a yet to be identified renewable subproject in Vietnam.

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