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Exclusive: Vietnam's Vincom Retail in stake sale talks with strategic investors - sources

Writer's picture: ReutersReuters


SINGAPORE/HANOI, March 29 (Reuters) - Vietnam's largest conglomerate, Vingroup (VIC.HM), is in discussions to sell a stake in its shopping mall arm as it seeks to bring in strategic investors, five sources told Reuters on Wednesday.


Vincom Retail (VRE.HM), Vietnam's biggest shopping mall operator, which is nearly 60% controlled by Vingroup, commands a market value of $2.8 billion.


The sources said Thailand's biggest retailer Central Group and other companies are in negotiations to buy a stake in Vincom Retail.



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