Mitsubishi UFJ Financial Group completed the acquisition of a 80.6% stake in Mandala Multifinance for $467m.

Mitsubishi UFJ Financial Group, a bank holding and financial services company, completed the acquisition of a 80.6% stake in Mandala Multifinance, a consumer finance firm that provides motorcycle financing, working capital, and multipurpose services, for $467m. MUFG and MUFG Bank aim to strengthen their business in Southeast Asia through the establishment of business platforms in the region in collaboration with investee partner banks. In executing this strategy, we will continue striving to contribute to growth in Southeast Asia.