Biggest Thai Bank Said to Near Purchase of Home Credit Vietnam
- SCB X outbids rivals with offer of up to $900 million: sources
- Potential transaction could be announced as early as this week
This article is for subscribers only.
SCB X Pcl, Thailand’s biggest bank by market value, is close to an agreement to buy consumer lender Home Credit’s business in Vietnam in a deal that could be worth as much as $900 million, according to people familiar with the matter.
Bangkok-listed SCB X has emerged as the likeliest buyer after outbidding rivals, the people said. The potential deal, which values Home Credit Vietnam at $800 million to $900 million, is expected to be announced as early as this week, the people said, asking not to be named as the process is private.