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  • Writer's pictureOlivia Nguyen

GS Caltex Acquires Stake in Vietnamese Car Wash Startup VI Automotive Service (2020.10)

GS Caltex Corp., one of South Korea’s largest refiners by revenue, signed an agreement to acquire 16.7% stake in Vietwash at a value of 39 billion dong (approximately $1.6M). As an operator of over 50 car wash centers in Vietnam, Vietwash will allow GS Caltex to partner and enter the auto repair market in Vietnam.

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