MUFG to raise stake in lender Acom - sources

TOKYO Aug 28 (Reuters) - Mitsubishi UFJ Financial Group (8306.T) will raise its stake in consumer lender Acom Co (8572.T), financial sources said on Thursday.

The Mainichi newspaper reported that Mitsubishi UFJ, Japan's top lender, will lift its stake in Acom to 40 percent from a current 15 percent, at a likely cost of about 140 billion yen ($1.3 billion).

In Japan, if a firm is more than one-third owned by one shareholder, that shareholder has veto power over major decisions. ($1=109.21 Yen) (Reporting by Taro Fuse; Editing by Rodney Joyce)