PV Power wants strategic investors to buy shares

PetroVietnam Power Corporation (PV Power), a subsidiary of state-owned energy giant PetroVietnam, will sell 49 per cent of its stake later this year, with priority given to strategic investors.

The corporation is going ahead with the equitisation process, and its initial public offering (IPO) is planned for October, Hồ Công Kỳ, chairman of PV Power’s management board, said at a press conference on Wednesday while speaking about the company’s performance.

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