Japan's MUFG to buy Bank of Ayudhya stake for $5.6 billion

The deal marks the largest purchase of a Thai bank in history and the biggest purchase by a Japanese bank across Southeast Asia.

Japan's MUFG to buy Bank of Ayudhya stake for $5.6 billion
Thailand offers growth opportunities for Japanese banks

Japan’s Mitsubishi UFJ Financial Group has agreed to buy up to 75% of Thailand’s Bank of Ayudhya for 560 billion $5.6 billion, marking the largest purchase of a Thai bank in history.

The deal is the biggest in a string of purchases by Japanese financial institutions as they look to expand outside of their home market, where loan growth is sluggish, and tap into Southeast Asia’s fast-growing economies.

MUFG’s unit...

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