Mitsubishi UFJ Financial Group Inc's UnionBank Set To Buy Deutsche Bank AG U.S. Property Loans Worth $3.7 Billion-Reuters

Sunday, 7 Apr 2013 09:43pm EDT 

Reuters reported that Mitsubishi UFJ Financial Group Inc (MUFG ) is in advanced talks to buy U.S. commercial property loans from Deutsche Bank AG worth about $3.7 billion. The acquisition, which is likely to be agreed within a few days and will include Deutsche's team of bankers specialising in commercial real estate loans, comes amid an aggressive push by MUFG to ramp up its U.S. assets. The acquisition will be made by MUFG's U.S. subsidiary UnionBank.