Consortium of two Japanese companies acquire stake in FPT
VOV.VN - Two Japanese companies – Toppan Printing Co Ltd and Tokyo Shoseki – have agreed to acquire a stake in FPT Corporation, a leading multinational information technology company of Vietnam.
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A stock purchase agreement between the Japanese consortium and FPT was signed on May 26 in Tokyo, paving the way for a planned significant expansion of operations in the information technology and software industry segments of Vietnam.
Although all of the details of the agreement have not yet been made public, it has been revealed that the Japanese consortium has agreed to significantly increase its outsourcing activities in Vietnam.
An unidentified FPT source said it’s anticipated the initiative will bring US$200 million of Japanese foreign direct investment into the Vietnamese technology giant over the next two years.
In addition, the agreement should bolster FPT revenue and profits and result in the creation of 8,800 jobs.
