Vietnam: KB Insurance to buy 17% of Bao Minh, STADA ups Pymepharco stake

Vietnam: KB Insurance to buy 17% of Bao Minh, STADA ups Pymepharco stake

Hanoi, Vietnam. Photo: Pixabay

KB Insurance is reportedly eyeing a 17 per cent stake in Bao Minh Insurance to become its second-largest shareholder. In the pharmaceutical sector, German manufacturer STADA Arzneimittel has increased its holding in its Vietnamese unit, Pymepharma, to 72 per cent.

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