Deals
Vietnam’s Sacombank May Sell Up to 15% Stake to Credit Suisse
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Saigon Thuong Tin Commercial Joint-Stock Bank, known as Sacombank, may sell as much as a 15 percent stake to Credit Suisse Group AG, Tran Xuan Huy, the Vietnamese lender’s chief executive said by phone today.
The two firms signed a partnership agreement to begin negotiations on the stake sale next year, he said.