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Business deals

SK Group takes 16% stake in Vietnam's top retailer

South Korean conglomerate seeks VinCommerce's distribution channels

VinCommerce operates the VinMart supermarket chain across Vietnam.

SEOUL -- SK Group has agreed to acquire a 16.3% interest in Vietnam's largest retailer, VinCommerce, for $410 million, the company announced Tuesday, its latest move to tap the rapidly growing Southeast Asian market.

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