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Thailand approves Japan MUFG's buy of Bank of Ayudhya-Finmin
August 22, 2013 / 7:53 AM / in 4 years

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

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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