HANOI -- Bain Capital has struck its first deal in Vietnam by investing at least $200 million in the conglomerate Masan Group, according to an announcement.
The U.S.-headquartered investment firm has agreed to subscribe to Masan's convertible dividend preference shares (CDPS) at 85,000 dong ($3.49) apiece, which will be mandatorily converted into ordinary shares at a 1:1 ratio after 10 years.
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