PETALING JAYA: Public Bank Bhd
has proposed to buy out the 50% stake it does not own in VID Public Bank (VPB) from its joint venture partner, Bank for Investment and Development of Vietnam (BIDV), for RM245mil.
VPB is a 50:50 joint venture bank between Public Bank and state-owned BIDV that commenced business in Hanoi on May 18, 1992.
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