Dragon Capital and affiliates increase stake in Masan

Nov 9th at 20:42
09-11-2013 20:42:33+07:00

Dragon Capital and affiliates increase stake in Masan

Private equity group Masan (MSN) sold nearly 29.8 million shares to Dragon Capital's affiliates on October 30, the group announced.

In 2010, a Masan subsidiary issued promissory notes worth over VND2.85 trillion (US$134.4 million) to Dragon Capital's affiliates in exchange for the ownership of the Nui Phao mine in northern Thai Nguyen Province.

A sum of VND893.4 billion ($42.1 million) was paid in cash, while the share sale accounted for the remaining VND1.96 trillion ($92.4 million).

After the transaction, the group of investors related to Dragon Capital raised their stake in Masan to 4.38 per cent, higher than global private equity investment group TPG Capital's holding.



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