TPG, Intel Invest in Vietnam's FPT Corporation

Vietnam FPT has issued new shares to private equity firm Texas Pacific Group (TPG) and Intel Capital, the venture capital organisation of Intel Corporation. Under the terms of the agreement, FPT received a total investment of USD 36.5 million, from TPG, through its TPG Ventures fund, and Intel Capital. This marks one of the largest cross-border investments into Vietnam by global investment firms.

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