Petrovietnam Power Corporation (PV Power), Vietnam's second-largest electricity producer, is becoming an investment target of Teakwang Korea, with a deal value of up to VND12 trillion (US$528 million).
The Government of Vietnam has raised US$308 million (VND6.996 trillion) after selling 20 per cent of PetroVietnam Power (PV Power) in an initial public offering (IPO) on the Hanoi Stock Exchange on January 31.
The equitization plan of three subsidiaries of Vietnam Oil and Gas Group (PetroVietnam), namely Binh Son Refining and Petrochemical Company Limited (BSR), PetroVietnam Oil Corporation (PVOil) and Electricity Corporation Vietnam Petroleum (PV Power), has been approved.
The Equitisation of PV Power, the second largest power producer in Vietnam, kicked into high gear after the Ministry of Industry and Trade (MOIT) presented its new equitization plan to the Government on November 8, 2017.
