Mandala Multifinance News Today

(Bloomberg) -- Japanese insurers Dai-ichi Life Holdings Inc. and Nippon Life Insurance Co. are among the firms considering bids for Tokio Marine Holdings Inc.’s life insurance business in Southeast Asia, according to people familiar with the matter.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indicted Over Attempts to Overturn Georgia’s 2020 Presidential Vot...

Assets include Tokio Marine’s businesses in Indonesia, Malaysia, Singapore and Thailand. Read more at straitstimes.com.

TOKYO (Reuters) - Mitsubishi UFJ Financial Group said on Monday it would buy Mandala Multifinance, a major auto loan provider in Indonesia, for 7 trillion rupiah ($467 million) to deepen its Asian presence and tap growth in consumption in emerging markets.

Mitsubishi UFJ Financial Group has agreed to acquire Indonesian auto loan provider Mandala Multifinance for USD 467m to expand its presence in Asia and tap into emerging middle-class consumers in the region. The acquisition will enable MUFG to expand its auto loan business in Indonesia via Adira Dinamika Multi Finance.

Mitsubishi UFJ Financial Group said on Monday it plans to acquire listed Indonesian motorcycle loan company Mandala Multifinance for 7 trillion rupiah ($465 million).

Mitsubishi UFJ Financial Group said on Monday it would buy Mandala Multifinance , a major auto loan provider in Indonesia, for 7 trillion rupiah ($467 million) to deepen its Asian presence and tap growth in consumption in emerging markets.

TOKYO/SINGAPORE: Mitsubishi UFJ Financial Group said on Monday (Jun 26) it was buying Indonesian auto loan provider Mandala Multifinance for 7 trillion rupiahs (US$467 million) to deepen its Asian presence and tap consumption growth in emerging markets. Japanese and other Asian companies have been increasi

Japanese companies are expanding their footprint in Southeast Asia, hoping to capture an emerging middle class in a region with around 690 million people.