Hanoi: Local firm T&T Group has become the first domestic investor expressing interest in buying out the state’s shares in Quang Ninh Port – the second largest port in the north if Vietnam after Haiphong.
State run Vinalines is looking to offload 49m shares in the port, equivalent to 98% of the charter capital of the state in the port which should net the troubled carrier around $15m.
The shares are likely to go up for auction soon. [06/02/15]
