Skip to main content
news
A man walks past a signboard of Mitsubishi UFJ Financial Group and MUFG Bank at its headquarters in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai 

 

Nishimura & Asahi and its Indonesian association firm Walalangi & Partners have represented Japan’s MUFG Bank on its proposed 7-trillion-rupiah ($467 million) acquisition of an 80.6 percent stake in automotive lender PT Mandala Multifinance.

Mandala is a publicly listed finance company offering auto loans primarily to Indonesia's unbanked and underbanked population.

MUFG’s move is aimed at deepening its Asian presence and tapping consumption growth in the emerging markets, Reuters reported, adding that Japanese and other Asian companies have been increasingly looking to build and expand their footprint in Southeast Asia in the hope of capturing a growing middle class in a region with a population of about 690 million.

Partner Yusuke Yoshimoto led the N&A team, while the Walalangi team was headed by managing partner Luky Walalangi.

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

CAM, S&R, Sidley Austin act on Dr Agarwal’s Health Care’s $350 mln IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas has guided eye-care company Dr Agarwal’s Health Care and its promoting shareholders on its initial public offering (IPO) valued at $350 million. S&R Associates and Sidley Austin advised the bookrunning lead managers (BRLMs).

Luthra, AZB, CAM, JSA act on JSW Steel’s $482 mln acquisition of ThyssenKrupp Electrical

by Nimitt Dixit |

Luthra and Luthra Law Offices India, along with AZB & Partners, advised a consortium of JSW Steel and JFE Steel Corporation and their JV on their $482.1 million proposed acquisition of ThyssenKrupp Electrical Steel India, which was represented by Cyril Amarchand Mangaldas.

TT&A, Khaitan, AZB guide Macquarie-backed Blueleaf’s $400 mln India solar bet

by Nimitt Dixit |

Talwar Thakore & Associates and AZB & Partners have advised Singapore-based Blueleaf Energy (BLE) on its $400 million investment in 1 gigawatt of solar projects in the northwestern Indian state of Rajasthan owned by Jakson Green, which was represented by Khaitan & Co.