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Sovereign Wealth Funds Briefing - Categorized | Investment

Vietnam’s PVI offers private shares to foreign strategic investors

Posted on 18 August 2011

PVI Holdings, the parent company of PVI Insurance and PVI Reinsurance in Vietnam, said it is planning to offer 53.2 million new shares through a private placement to foreign strategic investors in a bid to raise capital to fuel new development and to strengthen the financial position of its subsidiaries.
Oman Investment Fund, an investment arm of the Oman government, is currently PVI’s only foreign partner. The sovereign wealth fund acquired a 12.6% equity stake for about 808.3 billion dong in May 2010……………………………………….Full Article: Source


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