Exclusive-BNP Paribas, KB Kookmin in talks for $2 billion Vietnam Techcombank stake, sources say
BNP Paribas and KB Kookmin Bank are reportedly in separate discussions to acquire a minimum 15% stake in Vietnam's Techcombank, with the deal potentially valued at $2 billion. The acquisition would provide the winning bank with access to Vietnam's rapidly growing banking market and end Techcombank's search for a foreign strategic partner. The deal value would be around 55% above Techcombank's current market price, with a 15% stake valued at $2 billion.
Brief written by urgent.news from CNA - Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 3 other outlets
- BNP Paribas, KB Kookmin eye 15% stake in Vietnam’s Techcombank - report seekingalpha.com
- Exclusive-BNP Paribas, KB Kookmin in talks for $2 billion Vietnam Techcombank stake, sources say investing.com
- Exclusive-BNP Paribas, KB Kookmin in talks for $2 billion Vietnam Techcombank stake, sources say channelnewsasia.com
