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Mobile World plans stake sale of $1.5 billion Vietnamese grocery unit | China Breaking News | Top Stories | Political | Business | Entertainment – Asia Post

News Snapshot:

27-Aug-2022 Intellasia | Reuters | 5:02 AM Vietnam’s Mobile World Investment Corp said on Wednesday it has hired an adviser to explore the sale of up to 20 percent of its Bach Hoa Xanh grocery chain in a deal sources familiar with the matter said would value the business at more than $1.5 billion. “We have chosen an adviser and are working together closely to prepare needed documents for the deal,” a spokesperson for Mobile World Investment Corp told Reuters in an emailed statement. “The deal is expected to complete by the first quarter of 2023,” the spokesperson said, declining…

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