BSR held a roadshow on December 20 to introduce investment opportunities, shortly after Deputy Prime Minister Vuong Dinh Hue signed a Decision approving its equitization plan. According to the Decision, PetroVietnam will hold more than 1,333,214,835 shares post-equitization, or 43 per cent. Shares sold to employees will total 6,483,000 shares, or 0.21 per cent, while 241,556,969 shares, or 7.79 per cent, will be publicly auctioned, and 1,519,244,812 shares, or 49 per cent, will be sold to strategic investors. Major oil and gas corporations such as Russia’s Rosneft, South Korea’s SK Group, Thailand’s PTT, and the Kuwait National Oil Corporation have all expressed an interest in buying BSR shares. BSR accounted for 16 per cent of PetroVietnam’s total revenue and 10 per cent of its State budget contributions this year.

Source: VietNamNet News December 22, 2017 03:33 UTC