HDI Global SE to buy 7 million more Vietnamese insurer’s shares

In 2021, the IFC and its funds acquired a 6.29% stake in PVI from HDI.

HDI Global SE, which currently owns 91.18 million shares of PVI Holdings, listed on the Hanoi Stock Exchange as PVI, plans to acquire an additional 7 million shares between 1 to 31 July, the Investor reported.

The transactions will be made via order matching and/or put through. This move follows a visit by HDI and its parent firm, The Talanx Group, to PVI’s headquarters in January, where they promised comprehensive support for PVI.

Meanwhile, the IFC, the private sector arm of the World Bank Group, and two affiliated funds plan to sell a combined 9 million PVI shares, reducing their stake to 2.16% from 6%.

In August 2021, the IFC and its funds acquired a 6.29% stake in PVI from HDI to strengthen PVI’s presence in Vietnam and Southeast Asia.

PVI’s other major foreign shareholder, Funderburk Lighthouse, holds a 12.61% stake. In May, the IFC divested its entire 8.2% stake in Hanoi-headquartered ABBank after a 14-year strategic partnership.

Follow the link for more news on

HDI Global

insurance

Also Read

Climate change alters insurer risk management: S&P

Hanwha Life acquires 75% stake in US firm Velocity Clearing

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit