Real estate services provider APAC Realty, the operator of the ERA brand, has plans to increase its stake in ERA Vietnam to 60 percent from an initial 38 percent stake acquired in February 2020.
Eurocapital is the sub-franchisor of the ERA brand to ERA Vietnam. Upon completion of the transaction, APAC Realty will increase its shareholding in ERA Vietnam and Eurocapital to 60 percent each.
“The growth capital extended during our initial investment was the catalyst which sparked ERA Vietnam’s tremendous growth over the past two years both in terms of revenue and agent headcount,” said Marcus Chu, APAC Realty CEO.
The sellers in this acquisition are Pham Thanh Tuan, CEO of ERA Vietnam, along with Vu Duy Khuong, Vu Duc Hieu, Vu Trung Phong, Tran Dong An and Tong Nam Tran. Pham is selling 4 percent of his 19 percent stake, such that his shareholding post-acquisition will be 15 percent in both ERA Vietnam and Eurocapital. Pham is thus retaining a significant sta
