Vingroup conglomerate said to be seeking strategic investors for retail arm
Thailand’s Central Group is said to be a possible candidate to acquire a stake in the shopping mall arm of Vingroup, Vietnam’s largest conglomerate, five sources told Reuters on Wednesday.
Vincom Retail, Vietnam’s biggest shopping mall operator, which is nearly 60% controlled by Vingroup, commands a market value of US$2.8 billion.
The sources said Thailand’s biggest retailer Central Group and other companies are in negotiations to buy a stake in Vincom Retail.
Three of the sources said Vingroup was open…
