Thitikorn to acquire a 37% stake in MFIL from MIL.

Thitikorn, a Thailand-based company engaged in the provision of motorcycle and automobile hire purchase services, is set to acquire a 37% stake in Myanmar Finance International, a microfinance company, from Myanmar Investments International, a UK-based investment company. Financial terms were not disclosed. “The minimum consideration for this transaction will be calculated based on a pre-agreed formula of 2 times the audited book value of MFIL at closing once these conditions have been satisfied. This sale is expected to lead to a modest uplift in the Net Asset Value of MIL once it completes,” MIL.