CDH Investments takes minority stake in Bach Hoa Xanh grocery retail chain

Bach Hoa Xanh minimart chain is a leading modern retailer by revenue, specialising in selling fresh foods, vegetables, and other goods satisfying the daily basic needs of Vietnamese consumers.

The network of around 1,700 stores in easily accessible locations across southern and south-central Vietnam offers a wide range of high-quality products in hygienic shopping environments with customer-centric service at very competitive prices.

Bach Hoa Xanh Investment is a subsidiary of Mobile World Investment Corporation (Mobile World), Vietnam's No.1 multicategory retail platform. Mobile World will remain the controlling shareholder of Bach Hoa Xanh Investment, next to CDH Investments and the company’s management.

Thomas Lanyi, head of Southeast Asia for CDH Investments said, “This marks CDH Investments’ latest commitment in Vietnam and our second transaction with the Mobile World group of companies. Vietnam is one of CDH Southeast Asia’s priority markets for its superior macroeconomic and structural outlook, and we are particularly optimistic about the future of its organised grocery retail sector."

"Consumer needs are evolving in favour of modern alternatives to traditional wet markets, and Bach Hoa Xanh is ideally positioned to capture this potential. We thank Mobile World and Bach Hoa Xanh Investment teams for their trust and are excited about partnering during this next chapter of profitable growth,” said Lanyi.

Nguyen Duc Tai, founder and chairman of Mobile World Investment Corporation said, “We welcome CDH Investments as a partner in Bach Hoa Xanh Investment. We have a long history of working productively with the CDH Investments team and look forward to developing the company towards becoming the nationwide grocery leader."

China's CDH Investments eyes a minority stake in Bach Hoa Xanh As reported by Reuters, CDH, one of China's biggest alternative investment firms and also a former Mobile World investor, has emerged as the frontrunner to buy a stake of between 5 and 10 per cent in supermarket chain Bach Hoa Xanh (BHX) after outbidding rivals.

Singapore's GIC eyes potential M&A deal in Vietnam's retail sector The Singapore-based sovereign wealth fund GIC and other investors are vying to scoop up a 20 per cent stake in Bach Hoa Xanh, Mobile World’s grocery store chain.

MWG to sell 20 per cent stake in grocery chain Bach Hoa Xanh Vietnam’s major retail Mobile World Group (MWG) is reportedly considering a 20 per cent stake sale in its Bach Hoa Xanh grocery chain.