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Latest Business News: Japan's MUFG Agrees to Buy $5.61 Billion Stake in Thai Lender

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July 02, 2013 AT 9:56 AM
Japan's Mitsubishi UFJ Financial Group has agreed to buy a controlling stake in Thailand's Bank of Ayudhya Pcl for up to $5.61 billion, as Japanese lenders expand into fast-growing Southeast Asian economies to beat slower growth at home.