Japan's SMFG acquires 49% stake in Vietnamese NBFC FE Credit

Japan's SMFG acquires 49% stake in Vietnamese NBFC FE Credit

Japan’s Sumitomo Mitsui Financial Group (SMFG) has agreed to acquire a 49% stake in Vietnam-based FE Credit in a transaction that values the non-bank lender at $2.8 billion, according to an announcement.

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