DB Insurance expands in Vietnam with Saigon-Hanoi Insurance acquisition
South Korean insurer picks up a 75 per cent stake in Vietnamese company.
UOB Group acquires Citigroup’s consumer business in Vietnam and elsewhere in ASEAN
Acquisition expected to accelerate the scaling up of UOB’s retail banking business across the region.
IFC acquires part of HDI Global’s PVI shares
The International Finance Corporation (IFC) has completed the acquisition of 6.29 per cent of HDI Global’s holding in the PVI Joint Stock Company, with the ambition of making it a leading insurance company in Southeast Asia. The two strategic partners now hold more than 51 per cent of PVI’s charter capital and over 54 per cent of voting rights.