Mitsubishi keen to buy BAY stake
- Published: 11 Jan 2013 at 00.00
- Newspaper section: Business
Mitsubishi UFJ Financial Group Inc has expressed interest in buying a stake in Bank of Ayudhya (BAY) from General Electric Co (GE), which has yet to give an offer for the lender, says an executive from Japan's biggest bank.
''We expressed our interest but it hasn't reached the discussion stage yet,'' Takashi Morimura, deputy president and group head of global banking at lending unit Bank of Tokyo-Mitsubishi UFJ Ltd, said in an interview yesterday. Mitsubishi UFJ won bidding to buy GE's...
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
