AIFUL Corporation completed the acquisition of a 85% stake in Multindo Auto Finance from Citrabersama.

AIFUL Corporation, a Japanese financial services company that provides consumer, mortgage, and guaranteed loans to individuals and business customers, completed the acquisition of a 85% stake in Multindo Auto Finance, an automotive financing company, from Citrabersama, an Indonesian holding company that primarily invests in and manages finance, manufacturing, and other diversified business ventures. Financial terms were not disclosed.