Việt Nam Technological and Commercial Joint Stock Bank (Techcombank) announced on Monday that two separate legal entities managed by Warburg Pincus would invest over US$370 million in the bank.
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) plans to sell more than 158 treasury shares to foreign investors.
The deal was approved by Techcombank’s board of directors on May 22, 2017. At that time, the financial term of the deal was estimated at dozens of millions of US dollars.
Consumer finance is proving to be an attractive sector with the number of foreign companies rising through mergers and acquisitions, the news site cafef.vn reported.