Market Chatter: Blackstone Among Potential Buyers for Stake in Vietnam's MoMo

MT Newswires Live07-06

Blackstone (BX) is among the potential buyers for a stake in Vietnamese fintech firm MoMo, Reuters reported Friday, citing sources with direct knowledge of the matter.

MoMo is moving ahead with a partial sale, with binding bids due in September, the report said, with other bidders including CVC Capital Partners and MUFG (MUFG).

The size of the stake has not been fixed, but one source told Reuters it could be as much as 50%.

Blackstone, CVC, and MoMo did not immediately respond to MT Newswires' requests for comment. Efforts to reach MUFG were unsuccessful.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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