GIC’s US$110.35 Million Non-affiliated Block Trade of Shares in Masan

Milbank, working alongside YKVN, advised UBS Group AG on the deal.

UBS Group AG acted as sole placement agent on the non-affiliated block trade in shares of Vietnam’s Masan Group Corporation (“Masan”) by GIC Private Limited, Singapore’s sovereign wealth fund. The transaction was valued at VND2.5 trillion (approximately US$110.35 million), corresponding to the sale of 19.5 million MSN shares.

Upon the completion of the transaction, GIC is now the second biggest foreign shareholder in MSN behind South Korea’s SK Group with a 9.31 percent stake.

With interests in retail, food and beverage, agriculture, financial services and mining, Masan is one of the top three largest private sector companies in Vietnam by market capitalization.

UBS Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world.

GIC Private Limited, formerly known as Government of Singapore Investment Corporation, is a global long-term investor established in 1981 to manage Singapore’s foreign reserves. GIC have its over US$100 billion in assets in more than 40 countries worldwide.

The Hong Kong-based Milbank team was led by Global Capital Markets Group partner James Grandolfo (Picture) with associate York Wu.

The YKVN team comprised of managing partner Truong Nhat Quang assisted by counsel Nguyen Van Hai and senior associate Vu Mai Tram.

Involved fees earner: James Grandolfo – Milbank LLP; York Wu – Milbank LLP; Hai Van Nguyen – YKVN; Quang Nhat Truong – YKVN; Tram Mai Vu – YKVN;

Law Firms: Milbank LLP; YKVN;

Clients: UBS;

Author: Martina Bellini