SMBC in Talks to Raise Stake in VPBank
Japan's SMBC is in advanced talks to increase its stake in Vietnam's VPBank to twenty percent. The two lenders are reportedly negotiating the valuation for the transaction expected this year.
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Sumitomo Mitsui Banking Corp is in advanced talks to raise its stake in Vietnam's VPBank to 20% from 15%. Four people familiar with the negotiations said the deal is slated for completion this year. The initial 15% holding was acquired in 2023 for $1.5B.
