Dinh Vu Port acquisition
Sector: Water Supply and Storage • Location: Vietnam
Source: World Bank Group
Vietnam National Shipping Lines (Vinalines), a Vietnamese state-owned company, has sold its 51% stake in Vinalines Dinh Vu Port JSC to Viet Xuan Moi.
The deal, which includes a total of 10.2 million shares, gives a controlling stake in the port to Viet Xuan Moi. The transaction is expected to be closed for a total consideration of US$4.5 million(VND102 billion).
Established in 2011, Vinalines
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Participants
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Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Description
Description | Vietnam National Shipping Lines (Vinalines), a Vietnamese state-owned company, has sold its 51% stake in Vinalines Dinh Vu Port JSC to Viet Xuan Moi. The deal, which includes a total of 10.2 million shares, gives a controlling stake in the port to Viet Xuan Moi. The transaction is expected to be closed for a total consideration of US$4.5 million(VND102 billion). Established in 2011, Vinalines Dinh Vu Port JSC is also owned by Hop Thanh Investment and Mineral JSC (24.27%), Nguyen Thi Thanh Nga (10%) and Loc Viet JSC (10%), the remaining stake being held by small shareholders. The port is located in Dinh Vu Industrial Zone. It is planned to have three ship docks with a capacity of 5.5 million tonnes per year. Transaction occurred on 30th March 2016. Vinalines submitted the transaction to the Ministry of Transport for ratification. http://infrapppworld.com/transaction/vinalines-sell-stake-in-dinh-vu-port |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
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