Vingroup's main foreign investor SK Group to sell part of its stake

South Korean conglomerate to unload around 20% of its shares for around $20m

SK's group financial vehicle is Vingroup's top foreign investor and currently has 6.05% of the shares in the Vietnamese group. Its stake will fall to 4.72% after the sale. © Reuters

January 10, 2025 21:22 JST

Updated on January 10, 2025 21:29 JST

HANOI (Reuters) -- South Korean conglomerate SK Group plans to sell about a fifth of its holding in Vietnam's Vingroup starting from next week, a Vingroup filing showed on Friday.

With a 6.05% stake, SK's group financial vehicle SK Investment Vina II PTE is currently the top foreign investor in the Vietnamese group, whose businesses range from property and shopping malls to electric vehicles. After the sale, SK will hold 4.72% of the total shares and is no longer a major shareholder.