Dutch consumer lender Home Credit announced that it has agreed to sell its Philippine and Indonesian businesses to a consortium composed of affiliates of Japan’s Mitsubishi UFJ Financial Group (MUFG) for 596 million euros (about $621 million).
In a statement on Thursday, Home Credit said the deals, which are expected to be completed within 2023, will be made through MUFG’s affiliates and will be led by Thailand’s Krungsri Bank.
