KKR-led consortium buys 6% stake in Vietnam's Vinhomes for US$650mil; no Covid-19 cases for 60 days


A man carries an umbrella for shade from the sun along a street in Hanoi on June 16, 2020. A consortium led by KKR has invested US$650 million in Vietnam property firm Vinhomes as Vietnam announced there has been no local Covid-19 cases in the country for 60 days. - AFP

HANOI (Reuters): A consortium led by KKR has invested US$650 million in Vietnam property firm Vinhomes , Vinhomes' parent Vingroup said on Tuesday (June 16).

The consortium, which includes Singapore state investor Temasek Holdings, has paid the sum for a 6% stake in Vinhomes, Vingroup said in a statement.

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