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MUFG in Talks to Buy Two Home Credit Lending Units in Southeast Asia, Sources Say

  • Japanese bank to buy assets in Indonesia, the Philippines
  • Talks are advanced, an agreement could be reached next month
A unit of Mitsubishi UFJ Financial Group Inc. (MUFG), in Tokyo.

A unit of Mitsubishi UFJ Financial Group Inc. (MUFG), in Tokyo.

Photographer: Kiyoshi Ota/Bloomberg

Mitsubishi UFJ Financial Group Inc. is in advanced talks to acquire consumer lender Home Credit’s assets in Indonesia and the Philippines, according to people familiar with the matter.

MUFG, as Japan’s biggest lender is known, has emerged as the likeliest buyer for the businesses after outbidding other rivals, the people said, asking not to be identified because the matter is private. The combined assets in both countries could be valued at about $500 million or more, the people said.