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CVC may sell stake in Vietnam’s ACB

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CVC may sell stake in Vietnam’s ACB

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CVC Capital Partners is considering selling its minority stake in Vietnam’s fourth biggest non-state owned commercial lender, Asia Commercial Bank (ACB), according to two people with knowledge of the matter.

The Europe-based alternative investment firm is in talks with an adviser to explore the sale of its stake of less than 5% in the Ho Chi Minh-listed bank following approaches from potential buyers, including from Japan, the sources said.

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