Vietnam giant Thaco mulls stake sale in $5 bln automaker

Vietnam giant Thaco mulls stake sale in $5 bln automaker

Thaco Group, one of Vietnam’s leading private conglomerates, is considering bringing in an investor into its automobile arm Thaco Auto in a deal that could value the producer at around $5 billion, Reuters said Wednesday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thaco seeks to earn $3.8 bln from cars in 2023: chairman

Thaco seeks to earn $3.8 bln from cars in 2023: chairman

Vietnamese conglomerate Thaco Group seeks a total consolidated revenue of over VND90 trillion ($3.8 billion) from cars in 2023, with expected sales of over 120,000 vehicles, chairman Tran Ba Duong wrote in a message to employees.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

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