By Yantoultra Ngui and Phuong Nguyen SINGAPORE/HANOI (Reuters) - Singapore's sovereign wealth fund GIC is among investors vying to buy up to 20% stake ...
By Yantoultra Ngui and Phuong Nguyen SINGAPORE/HANOI - Singapore's sovereign wealth fund GIC is among investors vying to buy up to 20% stake in grocer Bach Hoa Xanh from Vietnam's retailBy Yantoultra Ngui and Phuong Nguyen
GIC declined to comment. Other bidders include companies from Thailand, the sources added, declining to be named as the matter is private. The identity of the potential buyers has not been reported previously. In a statement to Reuters, Mobile World said it would announce the information once the deal was concluded. "We are still in a private placement and have signed an agreement not to disclose information with interested bidders," it said.
Vietnam has attracted strong investor interest as companies look to reconfigure global supply chains as a result of geopolitical tensions between China and the United States. Founded in 2015, Bach Hoa Xanh, backed by Vietnam's retail giant Mobile World Investment, is running more than 1,700 stores in Vietnam's southern and south-central provinces.
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