Alibaba will acquire 5.5 per cent of The CrownX, Masan Group s consumer and retail arm
Masan Group Corporation (HSX: MSN) and a consortium led by Alibaba Group (Alibaba) and Baring Private Equity Asia (BPEA) today announced the signing of definitive agreements for the acquisition of a 5.5 per cent stake in The CrownX (TCX) for a total cash consideration of $400 million. The CrownX is Masanâs integrated consumer retail arm that consolidates its interests in Masan Consumer Holdings (MCH) and VinCommerce (VCM).
The transaction implies a pre-money valuation of $6.9 billion for 100 per cent of its equity, an equivalent of $93.5 (VND2.15 million) per share. Masan will own 80.2 per cent of The CrownX post the consortiumâs investment.
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Alibaba, Baring Private Equity Asia invest $400m in Masan retail arm, The CrownX - Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports
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