Hana Financial acquires stake in BIDV Securities

April 26, 2022 | 09:59
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The South Korean financial group Hana Financial Investment acquired a 35 per cent stake in BIDV Securities (BSC) on April 25.
Hana Financial acquires stake in BIDV Securities

In the deal worth around $113.8 million, Hana Financial has expanded its stake in the Southeast Asian financial industry, Yonhap reported.

BSC was the 11th largest stock brokerage in Vietnam in 2021.

As a result of the share acquisition, Hana Financial intends to revitalise the brokerage’s digital platform and expand into other areas, including asset management.

A representative from Hana Financial stated, “BIDV Securities is hoping to become a major, digitally-driven securities business by 2026.”

In 2019, KEB Hana Bank deepened its footprint in Vietnam’s financial landscape by buying a 15 per cent stake in BIDV – one of the four largest commercial banks in the nation.

By Tri Lam

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