Japan's MUFG to buy Indonesian car loan company

Japan's MUFG to buy Indonesian car loan company

FILE PHOTO - People walk past a branch of Mitsubishi UFJ Financial Group's bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan, May 16, 2016. REUTERS/Thomas Peter/File Photo

Mitsubishi UFJ Financial Group will acquire a major automobile loan provider in Indonesia for 7 trillion rupiah ($465 million), becoming the industry leader in that country, Nikkei has learned.

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