Original disclosure @ IFC website
Updated in EWS May 11, 2022
Disclosed by Bank Aug 6, 2021
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According to bank's website, "the project entails an equity investment in existing common shares of PVI Holdings (PVI or the Company) for up to six percent ownership of the Company. IFC would invest in association with the IFC Asset Management Company-managed IFC Emerging Asia Fund (EAF) and IFC Financial Institutions Growth Fund (FIG Fund) (35 percent of the investment each)."
PVI is the largest non-life insurance company in Vietnam in terms of gross written premium as of March 31, 2021. The Company is currently owned by HDI Global SE (40.4%), Funderburk Lighthouse (11.5%), and PetroVietnam (35.0%). 4.6% is held by the Company in the form of treasury shares and the remainder by more than 4,300 investors. The Company is currently listed on Hanoi Stock Exchange (“HNX”).
HDI Global SE
DUONG Thanh François
+65 6922 9536
#21-61 One Raffles Place Tower 2 Singapore 048616
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