Thailand approves Japan MUFG's buy of Bank of Ayudhya-Finmin

BANGKOK Thu Aug 22, 2013 3:49am EDT

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BANGKOK Aug 22 (Reuters) - Thailand has approved a bid by Japan's Mitsubishi UFJ Financial Group (MUFG) to buy a 75 percent stake in Thailand's Bank of Ayudhya Pcl, Finance Minister Kittirat Na Ranong said on Thursday.

Bank of Ayudhya is Thailand's fifth-largest lender.

(Reporting by Pracha Hariraksapitak; Writing by Viparat Jantraprap; Editing by Miral Fahmy)

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