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Warburg Pincus to invest $370 million in Techcombank

  • Region:

    Vietnam, United States of America

  • Sector:

    Banks

  • Deal Size:

    $370 million

  • Buy Side Company:

    Warburg Pincus
  • Sell Side Company:

  • Target Company:

    Vietnam Technological and Commercial Joint Stock Bank

Private equity firm Warburg Pincus is investing approximately $370 million in Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Reuters reported. The transaction is the largest ever private equity investment to date in the country, the report said. Vietnam Technological and Commercial Joint Stock Bank is a provider of personal and corporate banking services primarily in Vietnam.

Tags:

PE Deals,private equity