Vincom Retail

Warburg Pincus consortium to invest $200 million in Vincom Retail

A consortium led by Warburg Pincus will spend an initial $200 million for a 20% stake in a property venture with Vingroup.
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Vincom Centre B in Ho Chi Minh City
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<div style="text-align: left;"> Vincom Centre B in Ho Chi Minh City </div>

A consortium led by an affiliate of private equity firm Warburg Pincus has agreed to invest $200 million in a strategic partnership with Vingroup, Vietnam’s biggest private sector real estate operator.

Warburg Pincus will buy a 20% equity interest in Vincom Retail, and will have representatives on the board of directors of both Vincom Retail and Vingroup. The agreement also includes a commitment from Warburg Pincus to participate in future capital-raising by Vingroup of up to $25 million, and an opportunity for the consortium to invest an additional $100 million in Vincom Retail.

If approved by regulators, it will be the biggest initial investment in a Vietnamese...

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