Vingroup Joint Stock Company (HOSE:VIC) agreed to acquire an additional 24.92% stake in Vincom Retail Co. from New Generation Trading Investment and Development Company Limited on August 13, 2013. The deal is subject to Huong Noi, Deputy General Director of Vingroup organizing, implementing and deciding on the terms and conditions of the transfer agreement, sign the agreement and carry out the necessary legal procedures to complete the share transfer in Vincom Retail JSC.

The Board of Vingroup decided the deal on August 13, 2013. The deal will take effect from the signing date. Doug Farrell of Citigroup Asia Pacific acted as advisor for the transaction.