April 28, 2011 / 8:18 AM / 6 years ago

Korean lender A&P Financial agrees to buy Takefuji

1 Min Read

TOKYO, April 28 (Reuters) - Korean consumer lender A&P Financial has agreed to buy failed Japanese consumer lender Takefuji Corp, Takefuji said.

Seoul-based A&P Financial will start turning around Takefuji's business in Japan, which was squeezed by a government order to repay overcharged interest to its customers.

A&P Financial was chosen out of a field of bidders that included Cerberus Capital Management , TPG and Japan's J Trust , according to sources with knowledge of the matter.

Reporting by Junko Fujita

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below