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Mar 01, 2024 - 13:18
By asia.nikkei.com

Thai finance group SCBX to buy Vietnam consumer lender for $850m

BANGKOK -- Thai financial group SCBX will acquire consumer credit provider Home Credit Vietnam Finance in a deal worth roughly 20.9 trillion dong ($850 million) as part of a strategy of seeking growth in neighboring countries.

SCBX subsidiary Siam Commercial Bank will buy all Home Credit Vietnam shares from Netherlands-based nonbank group Home Credit. The transaction is to be completed by June 2025 under an agreement announced Wednesday.

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Thai finance group SCBX to buy Vietnam consumer lender for $850m

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