It is the largest overseas investment by SMBC since its $6.7 billion outright purchase of Irish aircraft leasing company Goshwak Management in May last year.
March 29, 2023 at 06:44 AM
2 minute read
Asia Correspondent
Freshfields Bruckhaus Deringer and Vietnamese law firm YKVN are advising on Japan’s Sumitomo Mitsui Banking Corporation’s $1.5 billion investment in Vietnam Prosperity Joint Stock Commercial Bank.
Through the strategic investment, Sumitomo Mitsui Banking Corp (SMBC) has acquired a 15% stake in Vietnam Prosperity Joint Stock Commercial Bank (VP Bank), making it the largest shareholder.
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