Bain Capital pours another $50m into Vietnam's Masan Group

Injection comes amid rising operating profit in conglomerate's retail business

20231207 Masan MEATLife

Shoppers at a Masan Group shop. Bain Capital is injecting an additional $50 million into the Vietnamese conglomerate. © Masan Group

NGUYEN Thi BICH NGOC, DealStreetAsia

HANOI -- U.S.-based investment firm Bain Capital is injecting an additional $50 million into Vietnamese conglomerate Masan Group, following a previously announced $200 million investment in October.

Terms of the new funding remain the same as the last transaction, which involved convertible dividend preference shares to be issued for 85,000 dong ($3.50) each and converted into ordinary shares at a 1:1 ratio, Masan said in a statement.

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