Masan Group Weighs Consumer Unit IPO This Year as Funding Option
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Vietnam’s Masan Group is mulling an initial public offering of its unit Masan Consumer Holdings this year among other funding options to fuel expansion, Chief Executive Danny Le said during the company’s Ho Chi Minh City shareholders’ meeting.
The conglomerate is working with banks including Jefferies Financial Group Inc., Morgan Stanley and UBS Group AG on an IPO of Masan Consumer Holdings that could raise $1 billion to $1.5 billion, Bloomberg News reported last week.