Vingroup sells part of affiliate to foreign partner

Property developer Vingroup (VIC) completed the first phase of its US$200 million partnership deal with foreign fund Warburg Pincus.

It announced earlier this week it had issued shares worth $150 million from its member company, Vincom Retail, to the fund.

Previously, Warburg Pincus had agreed to buy a 20 per cent stake in Vincom Retail. 

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