Milbank LLP advised UBS Group AG (“UBS”) as sole placement agent on the non-affiliated block trade in shares of Vietnam’s Masan Group Corporation (“Masan”) by GIC Private Limited, Singapore’s sovereign wealth fund. The transaction was valued at VND2.5 trillion (approximately US$110.35 million).
With interests in retail, food and beverage, agriculture, financial services and mining, Masan is one of the top three largest private sector companies in Vietnam by market capitalization.
The Hong Kong-based Milbank team was led by Global Capital Markets Group partner James Grandolfo with associate York Wu.
Milbank regularly advises on market-shaping transactions that are diversifying and transforming the Vietnamese economy. Most recently Milbank advised on back-to-back investments into two of Masan’s retail affiliates - VCM Services and Trading and The CrownX - transactions designed to modernize the Vietnamese retail landscape.
