Consortium buys 6 per cent stake in Vietnam property firm for US$650mil

The Vinhomes Ocean Park in Hanoi. Residential real estate firm Vinhomes JSC (HoSE: VHM) has sold a 6 per cent stake to the KKR-led consortium for US$650 million. — Photo vinhomes.vn

HANOI (Vietnam News/ANN): A consortium led by the US global investment firm KKR has acquired a 6 per cent stake in the residential property developer Vinhomes JSC for VNĐ15.1 trillion (US$650 million).

After the deal, conglomerate Vingroup JSC will remain the controlling shareholder of Vinhomes. Transactions were carried out via the put-through system at the Ho Chi Minh Stock Exchange (HoSE) on June 15.