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MUFG’s lending arm picks up 49% stake in Carsome’s auto financing unit

MUFG’s lending arm picks up 49% stake in Carsome’s auto financing unit

Cars driving during a rush hour are seen through the window of a special bus transporting journalists to the Miyagi Stadium during of the Tokyo 2020 Olympic Games in Sendai, the capital city of Miyagi, Japan, July 25, 2021. REUTERS/Amr Abdallah Dalsh

Japan Consumer Credit Service (JACCS), part of Mitsubishi UFJ Financial Group, is betting on Southeast Asia’s booming used-car market, acquiring a 49% stake in the financing arm of Carsome Group. 

Edited by: Pramod Mathew

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