According to a new article published on Bloomberg, a group of banks from Japan, including Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group, is on the list of organizations looking to buy assets in Southeast Asia and India. Degree of Consumer Finance Company Home Credit.

Grab Holdings Ltd, the Southeast Asian ride-hailing and delivery giant has also entered the next round of talks to acquire the assets. Currently, the business segment in Indonesia, Vietnam and the Philippines is valued at approximately $2 billion – $2.5 billion by Home Credit.

According to Bloomberg‘s source, some investors want to buy the entire investment portfolio of Southeast Asia and India, while others are only interested in Southeast Asia. The source also said negotiations are still ongoing and the deal could still fail.

Home Credit is owned by PPF Group – a group run by the family of the late Czech billionaire Petr Kellner. The group is in talks with advisers on the sale of shares in Southeast Asia and India to raise funds, Bloomberg News reported.

Meanwhile, Japanese banks have been actively seeking to buy assets in Asia in recent years amid low interest rates and slow domestic economic growth.

As for Grab, the acquisition of Home Credit’s assets could help the group diversify its portfolio and strengthen its financial services. Last year, Grab increased its stake in Indonesian mobile wallet provider Ovo to about 90% through share acquisitions of PT Tokopedia and Lippo Group.

Source: Tri thuc tre



Source: Vietnam Insider

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