The second source said a deal “could be struck as early as next month if negotiations were successful”.
Both sources declined to be named as the matter was private.
CDH and Mobile World, Vietnam’s biggest retail group by market value, declined to comment when contacted Reuters via biedexmarkets.com. A deal by Beijing-based CDH would underscore global investors’ interest in Vietnam’s fast-growing business sectors including consumer, despite the country’s property sector woes triggered by a crackdown on corruption.
BHX’s parent company, Mobile World, first announced its plan of a minority stake sale in the grocer in 2022 but then put it on hold due to unfavourable market conditions. The sale process was restarted last year and had attracted interest from Singapore sovereign wealth fund GIC and companies from Thailand
Source: ChannelNewsAsia
