Vietnam Prosperity Joint Stock Commercial Bank is nearing a deal to sell a 15% stake to Sumitomo Mitsui Financial Group Inc for $1.4 billion, Bloomberg News reported on Saturday citing people familiar with the transaction.
The Vietnamese bank will sell more than 1 billion shares to SMBC Consumer Finance, a unit of the Japanese “megabank” for 32,000 dong to 33,000 dong ($1.35-$1.39) each, the report said.
