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Vietnam's Masan secures $200 million investment from Bain Capital

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HANOI : Vietnamese conglomerate Masan Group has secured funding of at least $200 million from Bain Capital, with the possibility of bringing in other investors to increase that to as much as $500 million, the two entities said on Monday. Proceeds, according to fast-moving consumer goods firm Masan would b

Logo of the Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS/Kim Kyung-Hoon/File PhotoHANOI : Vietnamese conglomerate Masan Group has secured funding of at least $200 million from Bain Capital, with the possibility of bringing in other investors to increase that to as much as $500 million, the two entities said on Monday.

Proceeds, according to fast-moving consumer goods firm Masan would be used to strengthen the its financial positions. The investment would be in the form of convertible dividend preference share at a price of 85,000 dong per share which can be converted into ordinary shares at a 1:1 conversion ratio, Masan said in a statement.

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Vietnam's Masan says will receive at least $200 million investment from Bain CapitalHANOI : Vietnamese conglomerate Masan Group said on Monday it has secured funding of at least $200 million from Bain Capital in the private investment firm's first investment in Vietnam.Masan is also in discussion with other investors to upsize the investment to up to $500 million, subject to market con
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