VNStockNews.com - Vietcombank (VCB) has announced completion of its sale of a 15-per-cent stake to Japan's Mizuho Bank for a cost of over VND11.8 trillion (US$561.9 million).
Nearly 348 million shares were sold at VND34,000 ($1.60) per share. Following the transaction, Vietcombank's charter capital was increased from VND19.7 trillion ($938 million) to nearly VND23.2 trillion ($1.1 billion).
The State Bank of Viet Nam still holds the major interest in Vietcombank, controlling over 77 per cent of equity in the lender.
