HÀ NỘI — PetroVietnam Power Corporation (PV Power) will sell 20 per cent of its shares at its initial public offering (IPO) in late November or early December, Vietnam News Agency reported on Wednesday. PV Power General Director Nguyễn Xuân Hòa said the proportion of shares sold to the public during the IPO will be 20 per cent, instead of 4-5 per cent as previously announced. Under the PV Power’s equitisation plan submitted to the Government on August 15, PV Power’s business operation is not listed in the industries of which the State must have controlling stake. The sale of PV Power shares to strategic investors will also be made following the IPO’s success. PV Power is managing plants with total capacity of 4,208MW.

Source: Viet Nam News October 05, 2017 12:00 UTC