Mitsubishi UFJ Financial Group (MUFG) said on Tuesday it had agreed to purchase up to 75 percent of Bank of Ayudhya Pcl, Thailand's fifth-largest lender, in a deal worth 560 billion yen ($5.61 billion). The Japanese lender also said it was considering merging its Thai operations with those of Bank of Ayudhya, in which General Electric Co. has a stake, to meet Thailand's single presence policy on bank ownership. MUFG has sizable operations in Japanese corporations in the Southeast Asian country.
Mitsubishi UFJ Financial Group, Inc. is a Japan-based company mainly engaged in the banking business. Shares of MTU remained unchanged at $6.33. In the past year, the shares have traded as low as $4.24 and as high as $7.31. On average, 4369690 shares of MTU exchange hands on a given day and today's volume is recorded at 0.
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