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Singapore's Temasek to acquire stake in Vietnamese airline - report.

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Singapore state investment firm Temasek is to buy a stake in Vietnam's indebted Pacific Airlines, the Thoi Bao Kinh Te Vietnam (Vietnam Economic Times) newspaper said on Tuesday (7 June).

On Monday (6 June) Vietnam

Television said that Temasek valued Pacific Airlines at USD167m and its USD50.1m investment was equivalent to 30%, which is the maximum permitted level of investment by foreign companies in Vietnamese firms.

A Pacific Airlines source quoted by Reuters confirmed the details of the investment and said the deal would be signed later in June.

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