KKR, Temasek consortium invests 15.1t dong in Vietnam's Vinhomes
The consortium's equity stake in the integrated real estate developer is about 6%
Singapore
A CONSORTIUM led by US private equity giant KKR has acquired a minority stake in Vinhomes for a total consideration of 15.1 trillion Vietnamese dong (S$904.3 million).
The consortium, which includes Singapore state investor Temasek Holdings, on Tuesday completed the deal; this translates to an equity stake of about 6 per cent in the integrated real estate developer, which is listed on the Ho Chi Minh City Stock Exchange.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Abu Dhabi builder plans US$6.8 billion luxury housing project
JTC to sell hospitality project being built in Punggol Digital District
Mapletree Logistics Trust posts 2.5% drop in Q4 DPU; manager warns of further headwinds
Abu Dhabi developer Aldar posts 88% in Q1 leap
Without a game changer, Sentosa Cove condos will continue underperforming
Church to tackle US housing crisis