Mitsubishi UFJ To Buy Bank Of Ayudhya In July

Mani

Published onJuly 2, 2013

Updated on May 13, 2021

Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) (TYO:8306) is set take control of Thailand’s Bank of Ayudhya (OTCMKTS:BKAHF) for 560 billion yen ($5.6 billion), making it the largest banking takeover deal in the South East Asian nation.

Japan’s biggest bank seeks to acquire 75 percent of the fifth-largest bank in Thailand, Bank of Ayudhya (OTCMKTS:BKAHF), by offering 39 Thai bhat ($1.26) for each of their shares in the lender.

The top Japanese bank already got...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Mitsubishi UFJ To Buy Bank Of Ayudhya In July

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