Exclusive: Vietnam’s Truong Hai considers stake sale in $5 billion automotive armExclusive: Vietnam’s Truong Hai considers stake sale in $5 billion automotive arm
SINGAPORE/HANOI, June 28 (Reuters) – Vietnamese conglomerate Truong Hai Group, founded by tycoon Tran Ba Duong, is considering bringing in an investor into its automobiles arm Thaco Auto in a deal that could value the unit at around $5 billion, two people familiar with the matter said. Truong Hai Group is in talks with a financial advisor to explore the potential sale of a minority stake in Thaco Auto after receiving interests from regional financial investors and corporates, the sources said. The group could be selling about 20% in Thaco Auto, one of the sources said. Deliberations were ongoing and… [...]