Mitsubishi UFJ Financial Group Plans to Sell Union Bank's Retail Banking Business, Nikkei Reports
September 21 2021 - 4:47AM
Dow Jones News
--Mitsubishi UFJ Financial Group Inc. plans to sell the retail
banking business of its U.S. unit, MUFG Union Bank N.A., to U.S.
Bancorp in a deal possibly valued around 800 billion yen ($7.31
billion), Japanese business daily Nikkei reported Tuesday, without
citing sources.
--Mitsubishi UFJ Financial would likely receive cash and shares
of U.S. Bancorp in the deal, the Nikkei report said.
Full story: https://s.nikkei.com/2XBWR1n (Japanese)
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
September 21, 2021 04:32 ET (08:32 GMT)
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