Vietnam: PV Power to sell 20% in IPO in revised plan, 29% strategic stake

Vietnam: PV Power to sell 20% in IPO in revised plan, 29% strategic stake

Vietnam’s second largest electricity firm PV Power, a wholly owned unit of energy titan PetroVietnam, has revised its privatisation plan and now plans to sell a 20 per cent stake via an IPO and another 29 per cent to strategic investors in December this year.

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