Japan's Bank of Tokyo-Mitsubishi UFJ, a unit of Mitsubishi UFJ Financial Group Inc (MUFG) , plans to purchase a 20 percent interest in VietinBank from the Vietnamese government for about 60 billion yen ($720 million), a source said. VietinBank, or Vietnam Joint Stock Commercial Bank for Industry and Trade, is Vietnam's second-largest partly private lender.
Mitsubishi UFJ Financial Group, Inc. is a Japan-based company mainly engaged in the banking business. Shares of MTU remained unchanged at $4.55. In the past year, the shares have traded as low as $4.03 and as high as $5.36. On average, 1025620 shares of MTU exchange hands on a given day and today's volume is recorded at 2518786.
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