VietinBank says to conclude stake sale talks in Q3

VietinBank, Vietnam's largest partly private lender by assets, will conclude talks over a stake sale to a foreign strategic investor in the third quarter, its chairman said on Wednesday.

The Hanoi-based lender also plans to sell a further 20 percent stake to a strategic investor in the fourth quarter, cutting state ownership to 60 percent, Chairman Pham Huy Hung told an industry meeting.

reuters

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