CVC-linked investment unit sells 5% stake in Vietnam's Asia Commercial Bank for $220m

CVC-linked investment unit sells 5% stake in Vietnam's Asia Commercial Bank for $220m

REUTERS/Kham

An investment vehicle linked to CVC Capital Partners has disposed of its entire 5% stake in Vietnam’s fourth biggest non-state owned commercial lender, Asia Commercial Bank (ACB), for $220 million, according to a company filing and a person with knowledge of the matter.