Japanese banking giants and ride-hailing superapp Grab have been reportedly shortlisted to acquire consumer lender Home Credit’s various assets in Asia's southern region.
Mitsubishi UFJ Financial Group, Mizuho Financial Group, Sumitomo Mitsui Financial Group and Grab have been shortlisted for Home Credit’s Southeast Asia and India assets, according to a «Bloomberg» report citing unnamed sources.
Some are interested in acquiring just the Southeast Asian portfolio while others are interested in both.
Owner, PPF Group NV, is seeking a valuation of $2 billion to $25 billion for consumer lending assets in Indonesia, Vietnam, the Philippines and India.
PPF Group
PFF is owned by the family of Czech billionaire Petr Kellner who died at the age of 56 in a helicopter crash last year.
The holding company has interests across finance, telecommunications, manufacturing, media and biotechnology, including consumer lending firm Home Credit which was founded in 1997 and has operations in nine countries throughout Asia and Europe.
PFF was originally slated for a Hong Kong-based share sale for Home Credit in late 2019 but ultimately changed its plans.
