HANOI (Reuters): South Korean conglomerate SK Group plans to sell about a fifth of its holding in Vietnam's Vingroup starting from next week, a Vingroup filing showed on Friday.
With a 6.05% stake, SK's group financial vehicle SK Investment Vina II PTE is currently the top foreign investor in the Vietnamese group, whose businesses range from property and shopping malls to electric vehicles. After the sale, SK will hold 4.72% of the total shares and is no longer a major shareholder.
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