HANOI -- A consortium led by U.S. private equity powerhouse KKR that includes Singapore's state investor Temasek Holdings, announced Tuesday that it is investing $650 million in Vinhomes, the housing development arm of Vietnamese conglomerate Vingroup.
The stake purchase will give the consortium 6% of Vinhomes, while Vingroup will remain the controlling shareholder.
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)