A consortium led by KKR & Co. Inc. (NYSE: KKR) invested $650 million in Vinhomes JSC (HOSE: VHM), the leading real estate developer in Vietnam. The consortium includes Singapore state investor Temasek Holdings. Today, the consortium completed the deal which translates to a 6% equity stake in the real estate developer, which is listed on the Ho Chi Minh City Stock Exchange.
Vinhomes is a subsidiary of Vingroup (HOSE:VIC), Vietnam’s largest conglomerate. The company develops residential, commercial and industrial real estate. Additionally, Vinhomes aims to provide access to land banking and more growth opportunities.
"We are pleased to welcome KKR as a shareholder in Vinhomes, and believe that the investment demonstrates the confidence of international investors in Vin...