FWD Group 'close to acquiring Vietcombank' for $400m

clock • 1 min read

Hong Kong-based FWD Group is looking to finalise a $400m acquisition of Vietnam-based Vietcombank life insurance arm, according to reports. FWD Group is the insurance arm of Hong Kong billionaire Richard Li's investment group Pacific Century. According to a report from Bloomberg, FWD won the bid against rival competitors including Prudential, and is set to announce the acquisition within weeks. FWD started trading in Vietnam in 2016 through the acquisition of Great Eastern's Vietnam ...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.