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Warburg Pincus Consortium invests $200m for 20% of Vincom Retail

May 29th at 13:48
29-05-2013 13:48:49+07:00

Warburg Pincus Consortium invests $200m for 20% of Vincom Retail

A Warburg Pincus-led consortium announced a $200 million investment in Vingroup, a real-estate operator, that will give the buyers a 20% equity stake in Vingroup's retail-property business.

 

Vincom Retail, Vingroup's retail division, owns seven assets worth around $1.1 billion and is the largest owner and operator of shopping malls in Vietnam. Warburg Pincus plans to team up with Vingroup to grow its retail property business.

This is the first investment in Vietnam for Warburg Pincus and the largest initial investment by a global private-equity fund into a Vietnamese company.

Citigroup acted as the financial adviser to Vingroup and Credit Suisse was the adviser for Warburg Pincus.

wall street journal

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