Entreprise des Postes Lao
Logistic Venture, a subsidiary of AIF Group, has purchased a major stake in Laos鈥 state-owned post company, Enterprise des Postes Lao.
A signing ceremony was held on 28 April at the Ministry of Finance conference hall, with Entreprise des Postes Lao represented by the Head of the Development and Insurance Department, Ministry of Finance, Dr. Sonephet Inthavong, and Mr. Lattanamany Khounnivong, Senior Vice President of AIF Group.
The signing was witnessed by Mr. Bounpone Vannachit, Deputy Minister of Finance and Dr. Santisouk Sommanivong, Deputy Minister of Technology and Communications, and other ranking officials.聽
The agreement comes after a notice issued by the Prime Minister鈥檚 Office approving the sale of a 51% share of Entreprise des Postes Lao to AIF under a subsidiary company, Logistic Venture. The Ministry of Finance retains a 49% share, with the enterprise to be operated as a joint venture.