KKR-Led Consortium Enters Into a US$650 Million Investment in Vinhomes, a Vingroup Subsidiary That Engages Primarily in Real Estate Development

HANOI–(BUSINESS WIRE)–A consortium led by KKR (“ KKR”) that includes Temasek, has today completed the acquisition of an investment in Vinhomes Joint Stock Company (“ Vinhomes”), the leading integrated real estate developer in Vietnam. The KKR-led consortium has collectively invested VND15.1 trillion (US$650 million) which translates into a c.6% equity stake in Vinhomes. Following the transaction, Vingroup Joint Stock Company (“ Vingroup”) will continue to be the controlling shareholder of Vinhomes. KKR is making the investment primarily from its Asian Fund III.