trending Market Intelligence /marketintelligence/en/news-insights/trending/5stwr1hrofkjckiytj3yma2 content esgSubNav
In This List

Report: Mitsubishi UFJ Lease, Tokio Marine unit to sell auto finance biz stake

Blog

Banking Essentials Newsletter: 7th February Edition

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Report: Mitsubishi UFJ Lease, Tokio Marine unit to sell auto finance biz stake

Japan's Mitsubishi UFJ Lease & Finance Co. Ltd. will sell its 50% stake in MMC Diamond Finance Corp. to Mitsubishi Motors Corp., which owns 47% of the auto financing company, Tokyo's The Nikkei reported March 27.

Tokio Marine & Nichido Fire Insurance Co. Ltd. will also sell its 3% stake in MMC Diamond Finance to Mitsubishi Motors.

The transactions, which are expected to be worth up to ¥6.90 billion, will take effect April 2.

As of March 27, US$1 was equivalent to ¥105.71.