Tisco buys out Primus Leasing

 Primus extends leasing loans to Ford, Mazda and Volvo car buyers in Thailand with assets of Bt8.5 billion. Primus now has 26,600 clients.

 According to Tisco, this will expand the company's leasing business.

 The memorandum of understanding was signed on Dec 12 and the acquisition is pending for approval from the Bank of Thailand. Tisco will get involved with the management from February onwards.