TOKYO : 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.MUFG's main Japanese banking unit MUFG Bank will take 70.6 p
TOKYO : Mitsubishi UFJ Financial Group said on Monday it would buy Mandala Multifinance, a major auto loan provider in Indonesia, for 7 trillion rupiah to deepen its Asian presence and tap growth in consumption in emerging markets.
MUFG's main Japanese banking unit MUFG Bank will take 70.6 per cent and a car loan unit of Bank Danamon, MUFG's local banking unit, will hold 10 per cent.
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