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Japan's Mitsubishi UFJ Financial Group Inc Cleared To Buy Thailand's Bank of Ayudhya PCL-DJ

Monday, 26 Aug 2013 12:33am EDT 

Dow Jones reported that Mitsubishi UFJ Financial Group Inc has received ministry approval to buy up to 75% of Bank of Ayudhya PCL. MUFG is likely to pay around $5.62 billion. The Ministry of Finance announced the approval on August 26, 2013. It hasn't yet officially informed Bank of Ayudhya, the bank's communications officer said. GE Capital International Holdings Corp. has already agreed to tender its 25% stake in Bank of Ayudhya. 

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