• Bloomberg


Mitsubishi UFJ Financial Group Inc. is seeking to strike a deal for control of Thailand’s Bank of Ayudhya Pcl as soon as this month, two sources said.

Japan’s biggest bank plans to acquire about half of Bank of Ayudhya through a tender offer to shareholders, including General Electric Co., which owns about 25 percent of the lender, the sources said, asking not to be identified as the information is private. Its Bank of Tokyo-Mitsubishi UFJ Ltd. unit is planning to hold a board meeting to approve the plan, one source said.

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