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Mitsubishi UFJ Financial Group, Inc. (MTU)

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  • Sep. 12, 2014, 6:43 AM
  • Jul. 2, 2013, 9:51 AM
    Mitsubishi UFJ Financial Group (MTU +0.5%) looks for growth away from home, agreeing to buy as much as a 75% stake in Thailand's Bank of Ayudhya for up to $5.61B. If approved by Thai regulators (foreign ownership of domestic banks is capped at 49%), it would be the largest acquisition by a Japanese bank in Southeast Asia. One selling shareholder will be GE, which will raise $2.41B by exiting its stake.
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  • Jun. 21, 2013, 1:06 PM
    Mitsubishi UFJ Financial Group (MTU +1%) is set to buy a 51% stake in Thailand's Bank of Ayudhya (BKAHF.PK), in what could be the largest acquisition by a Japanese bank in Southeast Asia. The stake, which includes GE's (GE +1%) Capital's entire 25% position in the company, could be worth over $4B when completed. A deal could be announced as early as next week.
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  • Apr. 28, 2013, 3:25 AM
    San Francisco based Union Bank, a unit of Japan's Mitsubishi UFJ Financial Group (MTU), is reportedly in negotiations to acquire Morgan Stanley's (MS) trust-banking assets, which are valued at around $4B. Any deal would add to Union Bank's purchase of a portfolio of $3.7B in U.S. real-estate loans from Deutsche Bank as MUFG looks to expand overseas to offset anemic demand in Japan.
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  • Apr. 8, 2013, 2:51 AM
    San Francisco based Union Bank, a unit of Japan's Mitsubishi UFJ Financial Group (MTU), has agreed to acquire a portfolio of $3.7B in U.S. real-estate loans from Deutsche Bank (DB) subsidiary PB Capital. The acquisition is part of MUFG's strategy to expand overseas to offset anemic demand in Japan even as European banks sell assets in order to meet tighter capital regulations. (PR)
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  • Mar. 15, 2013, 4:33 AM
    GE (GE) has reportedly received a surprise bid for its 25.3% stake in Thailand's Bank of Ayudhya (BAY) from Malaysia's Khazanah Nasional, pitting the sovereign wealth fund against Japan's Mitsubishi UFJ Financial Group (MTU). GE is selling the holding, which is worth $1.8B, as part of its strategy of offloading non-core assets, having already sold a 7.6% stake in BAY in September for $466M.
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  • Dec. 12, 2012, 5:41 AM
    Bank of America (BAC) is reportedly close to selling its 49% stake in its Japanese joint venture with Mitsubishi UFJ Financial (MTU) to the latter company for ¥39B ($471M). The deal could be announced tomorrow. BofA unit Merrill Lynch Japan Securities will continue to provide mutual funds, derivatives and structured products to the JV even after the sale is completed.
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  • Nov. 29, 2012, 4:08 AM
    GE (GE) has reportedly attracted plenty of interest for its 25.3%, $1.5B holding in Thailand's Bank of Ayudhya, with Japan's Mitsubishi UFJ Financial (MTU) among those making first-round bids. GE acquired a 33% stake in Bank of Ayudhya in 2007 for $626M, but sold 7.6% in September for for $466M, indicating the conglomerate will make a healthy return on the investment.
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  • Jun. 30, 2011, 8:22 AM
    RBS (RBS +3.9%) is ticking higher on reports it may be nearing a deal to sell its Aussie unit to MUFG (MTU).
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Company Description
Mitsubishi UFJ Financial Group Inc through its subsidiaries provides commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and many more fields of financial services.
Sector: Financial
Country: Japan