Announced
Financials
Tags
Private
Vietnam
Consumer Lending
Cross Border
Majority
Pending
Single Bidder
consumer finance
Acquisition
Friendly
Private Equity
Synopsis
Siam Commercial Bank, an universal bank, agreed to acquire Home Credit Vietnam, a consumer finance business, from PPF Group, an international diversified investment group, for $864m. “The acquisition of Home Credit Vietnam, marking a significant milestone in SCBX’s journey to become a leading regional financial technology group. This strategic acquisition strengthens our presence in the high-growth ASEAN market and also increases value and maximizes return to our shareholders in the long term,” Arthid Nanthawithaya, SCB X CEO.
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