Acquiring Company
Sumitomo Mitsui Finance and Leasing
Acquired Company
RCBC Leasing and Finance Corporation
Description
Sumitomo Mitsui Finance and Leasing has successfully acquired a 30% stake in RCBC Leasing and Finance Corporation. The acquisition involved subscribing to more than 1.3 billion newly issued RLFC class B common shares. This move is part of SMFL's strategy to expand its business in the Philippines amidst economic growth.
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M&A Insights
Based on deal dataFrequently asked
Who acquired RCBC Leasing and Finance Corporation?
RCBC Leasing and Finance Corporation was acquired by Sumitomo Mitsui Finance and Leasing, based in Tokyo. The deal was reported on September 10, 2026. Sumitomo Mitsui Finance and Leasing provides financing solutions and leasing services. The company focuses on meeting diverse customer needs across various sectors. Sumitomo Mitsui Finance and Leasing is privately held and operates in Financial Services.
When did Sumitomo Mitsui Finance and Leasing acquire RCBC Leasing and Finance Corporation?
Sumitomo Mitsui Finance and Leasing's acquisition of RCBC Leasing and Finance Corporation was reported on September 10, 2026. Sumitomo Mitsui Finance and Leasing has successfully acquired a 30% stake in RCBC Leasing and Finance Corporation. The acquisition involved subscribing to more than 1.3 billion newly issued RLFC class B common shares. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does RCBC Leasing and Finance Corporation do?
RLFC serves as the leasing arm of Rizal Commercial Banking Corporation. It provides a range of leasing and financing services in the Philippines. The firm aims to meet the growing demand for financial services in the region. It is privately held, operating in Financial Services, and is based in Makati.
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