The equitization of Binh Son Refining and Petrochemical Company (BSR), the operator of Dung Quat Oil Refinery in central Vietnam, has drawn strong attention of big foreign investors given the company’s strong financial readings and its market position.

Under the equitization plan approved last week by the Government, BSR will launch its initial public offering (IPO) on the Hochiminh Stock Exchange on the third week of next month.

Via this IPO, BSR will sell 7.79% of its chartered capital, equivalent to 242 million shares at a price starting from VND14,600 per share, generating an estimated VND4 trillion. A 49% stake will be sold to strategic investors in the next phase with nearly US$1 billion to be collected. Tiếp tục đọc “Foreign investors keen to acquire stake at oil refinery” →