GIC Takes Large Stake in Vietcombank
Posted on 08/29/2016
Singapore’s GIC Private Limited and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) signed a Memorandum of Understanding (MoU) for GIC to acquire a 7.73% stake on a fully enlarged basis in Vietcombank. Essentially, GIC is purchasing 305,810,895 new shares in Vietcombank for approximately US$ 400 million. The transaction is valued at […]
- Basel
- Central Banking
- Credit Suisse
- Government of Singapore Investment Corporation
- Mizuho Bank
- Singapore
- State Bank of Vietnam
- Vietcombank
- Vietnam
