Thai finance firm Group Lease to buy Myanmar microfinance business

September 7, 2016 9:21 AM

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BANGKOK, Sept 7 Thai motorcycle lessor Group Lease PCL plans to buy 71.9 percent of BG Microfinance Myanmar from Sri Lanka's Commercial Credit and Finance PLC for an unspecified amount, to take advantage of rising microfinance demand in Southeast Asia.

Through the deal, Group Lease will expand its regional presence, adding Myanmar to Thailand, Cambodia, Laos and Indonesia, Chairman and Chief Executive Mitsuji Konoshita said at a joint briefing.

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