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Vietnam's FPT seeks to sell 47 pct of trading unit to strategic investor- statement
September 11, 2017 / 1:51 PM / 14 days ago

Vietnam's FPT seeks to sell 47 pct of trading unit to strategic investor- statement

HANOI, Sept 11 (Reuters) - Vietnam’s technology firm FPT Corp seeks to sell 47 percent of its trading unit to a strategic investor in 2017, the company said in a statement on Monday.

FPT said it plans to sell 47 percent of FPT Trading, whose valuation is no less than $80 million, to an undisclosed strategic investor that is a global distribution group in information technology, telecoms and components, it said in a filing to the Ho Chi Minh Stock Exchange.

FPT also plans to sell up to 5 percent of FPT Trading to the unit’s employees, the statement said. (Reporting by Mai Nguyen, editing by Louise Heavens)

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