Mitsubishi UFJ completes acquisition of First State Investments
In £2.2bn deal
Chris Turpin, First State Investments
Mitsubishi UFJ Trust and Banking Corporation (MUTB), a wholly owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), has completed the acquisition of First State Investments from Commonwealth Bank of Australia for $2.7bn (£2.2bn).
First State Investments will operate as a standalone global investment management business, governed by a board initially comprising representatives from First State Investments and Mitsubishi UFJ Trust...
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