Deals
Vietnam Air to Sell 8.8% Stake to Japan's ANA, CEO Says
- Partnership stake will cost $108 million, companies say
- ANA was seeking opportunities to expand in Southeast Asia
A Vietnam Airlines aircraft is towed at Noi Bai International Airport in Hanoi.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Vietnam Airlines Corp. will sell an 8.8 percent stake to ANA Holdings Inc., owner of Japan’s biggest airline, for $108 million, the companies announced Tuesday.
The deal with the operator of All Nippon Airways will close sometime between March and June, Vietnam Air Chief Executive Officer Pham Ngoc Minh said in a telephone interview Tuesday. The two airlines will discuss additional stake sales later, he said.