Vietnam to sell 23.5% stake of No. 1 airports developer

Minh Tam

13:42 07/10/2015


Prime Minister Nguyen Tan Dung has approved the equitization plan of Airports Corporation of Vietnam or ACV, the largest airport developer in the country, under which the firm will offer a 23.47% to outsiders.

Vietnam to sell 23.5% stake of No. 1 airports developer

A noctunal view of Tan Son Nhat International Airport. (Source: Internet)

Accordingly, ACV will offer 77.8 million shares or a 3.47% stake via public auctioning and 448.62 million shares or a 20% stake to strategic investors. The remaining 1.53% holding will be sold to ACV’s employees and trade union.
The initial price of ACV shares will be set by the Ministry of Transport.
After launching the initial public, ACV will have a chartered capital of 22.43 trillion dong (one billion USD), of which the state holding will be 75% and represented by the Ministry of Transport.

The prime minister in late August appointed ACV as main investor of Long Thanh International Airport, adjacent to Ho Chi Minh City, with an estimated investment of 16.03 billion USD, of which the first phase will cost 5.45 billion USD. ACV now manages 22 airports across the country.



Từ khóa: ACV

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