According to Seoul Economic Daily, Caldera Pacific and Samsung Securities would acquire 40% stake in Dragon Capital which was founded in 1994 and currently manages US$2.3 billion of assets in Vietnam and invests in such fields as hydroelectricity and clean water in Cambodia, Laos, Thailand and Srilanka. Dragon Capital’s biggest investment fund is Vietnam Enterprise Investment Ltd (VEIL) worth US$1.23 billion.
The largest investments of this fund include Vinamilk, Mobile World, MB, ACB, FPT, PV Gas, Vietjet Air, Hoa Phat, Khang Dien Housing Estate, ACV, VPBank, etc., accounting for 60% of total portfolio value.
The Seoul Economic Daily also said that Samsung Securities would acquire 10% stake of Dragon Capital. Samsung Securities is looking for a chance to buy a securities company in Vietnam after signing an agreement with Ho Chi Minh Securities Corporation (HSC), a company founded by Dragon Capital in 2003.
