Vietnam government prepares to divest Sai Son stake

State Capital Investment Corporation (SCIC), the Vietnamese government’s investment arm, is shortly due to sell its 3.2 million share holding in Sai Son Cement JSC (SCJ). 

The move is expected to take place within a month from 31 December 2014 as SCIC aims to fully divest of its 16.44 per cent stake in the cement producer.

The share sale is part of SCIC’s plan to exit from 376 companies by the end of 2015 to cut its portfolio to 100.