YKVN advises on record acquisition of ANZ Bank’s Vietnam retail business
YKVN advised Shinhan Bank Vietnam Limited (SHBVN) in the bid for and negotiation of the definitive agreements to purchase the retail business of ANZ Bank (Vietnam) Limited (ANZ). SHBVN is an affiliate of Korea’s Shinhan Financial Group, one of the largest financial conglomerates in Asia. Following due diligence and submission of asset purchase agreement markup, SHBVN was one of the three bidders shortlisted by ANZ and ultimately chosen as preferred bidder following a round of clarifications. This was the largest banking asset sale in Vietnamese history.