YKVN advised UBS Group AG on the sale of 19.5 million shares in Masan Group Corporation by GIC
September 27, 2021
YKVN advised UBS Group AG as sole placement agent on the block trade in shares of Vietnam’s Masan Group Corporation (“MSN”) by GIC Private Limited, Singapore’s sovereign wealth fund.
The deal value was publicly reported at VND2.5 trillion ($110.35 million), corresponding to the sale of 19.5 million MSN shares.
Upon the completion of the transaction, GIC is now the second biggest foreign shareholder in MSN behind South Korea’s SK Group with a 9.31 percent stake.
YKVN’s managing partner Truong Nhat Quang assisted by counsel Nguyen Van Hai and senior associate Vu Mai Tram led the transaction.
UBS Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world.
GIC Private Limited, formerly known as Government of Singapore Investment Corporation, is a global long-term investor established in 1981 to manage Singapore’s foreign reserves. GIC have its over US$100 billion in assets in more than 40 countries worldwide.
Masan Group Corporation, one of the top three largest private sector companies in Vietnam in terms of market capitalization, was founded in 1996 and is headquartered in Ho Chi Minh City, Vietnam. The conglomerate’s investment portfolio includes, among others, retail, food and beverage, agriculture, financial services, and mining.
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(Credit image: Courtesy of Masan Group Corporation)