A company within Sumitomo Mitsui Financial Group (SMFG) is in talks to raise its stake in VPBank to 20%, VnExpress reported on September 25, citing Reuters. The parties have not agreed on a price, so no additional stake purchase has been completed. SMBC has held 15% of VPBank since a 2023 deal.
The cited Reuters report said the Japanese side hoped to close a deal this year but was still discussing valuation and how to acquire more shares. VPBank and SMBC declined to comment.