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

wochit business
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.