Deals
Vietnam’s Military Bank Said to Seek $240 Million in Stake Sale
- Sale of a 7.5% stake to be completed by the end of the month
- The Vietnamese bank has offered shares to about 100 investors
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Vietnam’s Military Commercial Joint Stock Bank plans to raise about $240 million from the sale of a 7.5% stake to foreign investors via a private placement, according to people familiar with the matter.
The sale of the 7.5% stake, or 141.5 million new shares and 47 million treasury shares, is expected to be completed by the end of this month, said the people, who asked not to be identified because the information isn’t public yet.