Announced
Financials
Tags
consumer finance firm
Private
Indonesia
Single Bidder
Cross Border
Consumer Lending
Acquisition
Majority
Pending
Friendly
Synopsis
Mitsubishi UFJ Financial Group, a bank holding and financial services company, agreed to acquire a 80.6% stake in Mandala Multifinance, a consumer finance firm that provides motorcycle financing, working capital, and multipurpose services, for $467m. MUFG and MUFG Bank aim to strengthen their business in Southeast Asia through the establishment of business platforms in the region in collaboration with investee partner banks. In executing this strategy, we will continue striving to contribute to growth in Southeast Asia.
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