Consortium led by Singapore's GIC to invest US$203.24m in Vingroup medical unit

[HANOI] A consortium led by Singapore's state investor GIC has agreed with Vietnam's largest conglomerate Vingroup to buy a stake in its medical unit, Vinmec, for over US$200 million, Vingroup said on Monday.

Vingroup will remain the controlling shareholder of the unit after the deal, Vingroup said in a statement. Credit Suisse acted as the sole advisor to Vingroup.

REUTERS