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New Energy

Vietnam’s Trungnam Group Exploring Renewable Asset Stake Sale

  • Firm seeking over $1 billion valuation for wind, solar assets
  • Trungnam could sell up to 35% stake in its renewable portfolio

Trung Nam Construction Investment JSC, a Vietnamese conglomerate, is considering selling a minority stake in its renewable energy assets, according to people with knowledge of the matter.

Trungnam Group, as it is commonly known, is working with a financial adviser to sell about a 30% to 35% stake in its portfolio comprised mainly of wind and solar projects, the people said. A deal could value the assets at more than $1 billion, said the people, who asked not to be identified as the process is private.