Vietnamese lender SeABank to sell up to 15 per cent of its stake to foreign investors

May 24, 2022 | 14:50
BRG-backed SeABank has plans to sell a minority position to international investors.
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.

By Tri Lam

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