Orix Said to Consider Bid for StanChart Consumer Credit Unit

Orix Corp., Japan’s most acquisitive financial firm, is considering bidding for Standard Chartered Plc’s consumer credit unit in Hong Kong, according to two people with knowledge of the matter.

Orix may seek to team up with another investor to buy PrimeCredit Ltd., said one of the people, asking not to be identified because the information is private. London-based Standard Chartered wants to sell the unit for about $700 million, almost three times book value, and plans to compile a shortlist of potential bidders this month, another person said.