Vietnam's Masan Group weighs IPO for consumer unit

Debut could raise over $1bn as CEO eyes overseas expansion

20240425N Masan brands

Masan Group's product lineup includes some of Vietnam's leading food brands. (Photo by Yuji Nitta)

YUJI NITTA, Nikkei staff writer

HO CHI MINH CITY -- Vietnamese conglomerate Masan Group said Thursday that an initial public offering is a possibility for its consumer arm, in what could be the country's largest-ever stock market debut.

CEO Danny Le told shareholders that an IPO is an option to maximize the value of Masan Consumer Corporation. The company is a core unit of the Masan group, which has operations in retail, finance and other fields.

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