Vietnamese lender SeABank to sell up to 15 per cent of its stake to foreign investors
 |
In response to an inquiry from Bloomberg News, SeABank CEO Le Thu Thuy said that the bank may make an offer to sell around 13.78 per cent of its current charter capital. The bank has not as of yet settled on a particular agenda for the potential deal.
According to persons who are familiar with the subject, the bank is working with a financial adviser to try to pique the interest of potential purchasers, which may include private equity firms and other financial institutions.
SeABank could allegedly sell up to 15 per cent.
One of SeABank's former minority owners was the French financial institution Societe Generale SA, which has been a stakeholder in the Vietnamese bank for close to ten years. In 2019, they sold off their stake in this venture.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:
Related Contents
Latest News
More News
- Assessing gold prospects for the rest of 2024 and beyond (October 26, 2024 | 10:48)
- ACCA welcomes 116 new members in Vietnam (October 26, 2024 | 10:45)
- Public debt indicators remain in alignment with expectations (October 25, 2024 | 15:37)
- SACE and SCIC sign MoU to strengthen cooperation between Italy and Vietnam (October 25, 2024 | 11:13)
- EVN Finance signs $30 million loan package with Dutch bank FMO (October 24, 2024 | 18:07)
- Year-end credit growth driven by industrial sector (October 24, 2024 | 14:34)
- Major bancassurance deals may be at peak (October 24, 2024 | 14:28)
- Banks' profit picture in Q3 creates mixed sentiment (October 24, 2024 | 11:44)
- Liquidity pressure “substantial” on Vietnam’s banks (October 23, 2024 | 21:00)
- Remittance fee drop could boost economy (October 23, 2024 | 19:00)
Mobile Version