December 27, 2017 / 3:51 AM / 8 months ago

BRIEF-Japan's MUFG "cautiously optimistic" about regulator approval for Danamon stake

- JAPAN’S MITSUBISHI UFJ FINANCIAL (MUFG) GROUP SAYS CAUTIOUSLY OPTIMISTIC ABOUT GETTING REGULATOR APPROVAL TO ACQUIRE MORE THAN 40 PCT BANK DANAMON STAKE - GROUP WANTS TO “ACCELERATE COLLABORATION” WITH DANAMON, TAKAYOSHI FUTAE, CEO OF MUFG’S ASIA AND OCEANIA REGION TOLD REPORTERS IN JAKARTA - MUFG SAID IT HAS AGREED WITH DANAMON SHAREHOLDERS TO BUY 73.8 PERCENT OF THE BANK AND WOULD LIKE TO RAISE THAT TO 100 PERCENT

Further company coverage: (Reporting By Cindy Silviana)

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