KDDI to acquire 22% stake in au Jibun Bank from MUFG.

Synopsis

KDDI, a Japanese telecommunications operator, agreed to acquire 22% stake in au Jibun Bank, an operator of an online banking platform, from MUFG, a global financial group. Financial terms were not disclosed.

Principals

target

Au Jibun Bank

bidder

Kddi Corp

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Market Context

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Bidder Team (1)

hiromichi matsuda

Managing Director at KDDI CORP

Manager

bidder

Deals

n/a

Total Value

Vendor Team (1)

junichi hanzawa

President and CEO at MITSUBISHI UFJ FINANCIAL GROUP

Manager

vendor

Deals

£ 237 M

Total Value

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