Illustrative image (Source: VNA) The Prime Minister has given a nod to the equitisation plan of the Airports Corporation of Vietnam (ACV).
Under the plan, the ACV will sell State shares while issuing more shares to increase its charter capital.
Accordingly, the State will hold 75 percent of the corporation’s charter capital while 20 percent will be sold to strategic investors, 1.4 percent to its workers, 0.13 percent to the trade union and 3.47 percent at public auctions.
The Prime Minister assigned the Minister of Transport to determine the starting price of the ACV’s initial public offering.
The corporation was tasked with implementing the public offering plan and listing its stocks on the market when conditions are mature and in line with the law.
Established in 2012 by merging three airport corporations in northern, central and southern Vietnam, the ACV is the country’s largest airport operator.
The ACV has registered capital of nearly 14.7 trillion VND (677 million USD). It has 24 subsidiaries that manage businesses at 22 international and domestic airports nationwide.
In 2014, the corporation earned an estimated 8.57 trillion VND (394 million USD) in revenue, 0.86 percent higher than in 2013.-VNA
