VN Dealbook: Sao Mai to sign partnership with foreign fund in July, Vinatea to list

VN Dealbook: Sao Mai to sign partnership with foreign fund in July, Vinatea to list

A green tea field in the north of Vietnam. Photo from Flickr, Yarkken

The deal space in Vietnam will see a strategic partnership between Sao Mai Group and a foreign investment fund, next month, in which the overseas investor will disburse some $46.3 million within three years, for a maximum stake of 13 per cent in the Vietnamese firm. Meanwhile in the initial public offering (IPO) market, the local state will not hold any stake in the Vietnam National Tea Corporation after its equitisation.

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