Vietcombank to offer 10% stake to foreign investors, GIC among interested parties

Vietcombank to offer 10% stake to foreign investors, GIC among interested parties

Photo source: Internet Archive

Singaporean sovereign wealth fund GIC Private Limited is likely to become a significant shareholder in Vietcombank when the latter offloads a 10 per cent stake to foreign investors in the first half of this year after receiving government approval, the Nikkei Asian Review reported.

Vietcombank Chairman Nghiem Xuan Thanh said Japan’s Mizuho Bank, the bank’s largest foreign shareholder with a 15 per cent stake, is entitled to buy more shares to maintain its stakeholding at the bank.

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