--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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