Mitsubishi UFJ megabank says it plans to acquire Thai Bank of Ayudhya 75% stake, is approximately $ 56 billion.
Mitsubishi UFJ Financial Group (Mitsubishi UFJ) Tuesday in a statement that it has an agreement with GE Capital to buy 25% of its shares in Bank of Ayudhya, make an offer to the other shareholders in order to ensure a majority stake in Thailand creditors.
It said it will work with Ratanarak Group, Bank of Ayudhya a quarter of a number of existing shareholders, who owned the next stage of its development.
Japanese financial giant said it hopes to expand its commercial banking business in Asia and Bank of Ayudhya Public investment will be a platform.
Japanese companies are the largest foreign investor in Thailand, which serves as a regional automobile manufacturers such as Toyota Motor Corporation's production base
Mitsubishi UFJ Financial Group (Mitsubishi UFJ) takeover offer is likely to launch in November, and are subject to regulatory approval.
 



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