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UPDATE 1-Vingroup picks banks for $1 bln residential property arm IPO -sources [Reuters (UK)]

CITIGROUP (C)  More Company Research Source: Reuters
Last citigroup earnings: 7/13 07:59 am Check Earnings Report
US:NYSE Investor Relations: citigroup.com/citi/investor/pres.htm
PDF Vingroup picks banks for $1 billion residential property arm IPO: sources | Reuters 3 Min Read SINGAPORE (Reuters) - Vingroup JSC VIC.HM, Vietnam’s biggest property developer, has picked four foreign banks for a planned $1 billion listing of its residential property business, sources familiar with the matter said, which will mark a strong run of IPOs in the country. Share listings are booming in Vietnam as the country speeds up its privatization drive. Vietnam’s benchmark stock index .VNI rose nearly 50 percent last year, making it Asia’s strongest performer. Vingroup has tapped Citigroup ( C.N ), Credit Suisse ( CSGN.S ), Deutsche Bank ( DBKGn.DE ) and Morgan Stanley ( MS.N ) for the planned initial public offering of Vinhomes, which, if completed, could be one of the biggest ever equity offerings in Vietnam, the sources said. The IPO would follow last year’s listing of Warburg Pincus-backed Vincom Retail JSC VRE.HM, Vietnam’s biggest shopping mall operator and also a unit of [Read more]

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