Mitsubishi UFJ (MUFJ) Trust and Banking Corp (MUFG). has unveiled its acquisition of Link Administration Holdings Ltd., an Australian data manager, in a deal worth approximately A$1.11 billion ($744 million).
![Mitsubishi UFJ (MUFJ) Financial Group's HQ in Japan, acquiring Link Administration as part of global expansion. PHOTO: Shutterstock/ALP](https://krugmaninsights.com/wp-content/uploads/2023/12/000ea03c-1600-1024x576.webp)
The move is part of Japanese lenders’ efforts to obtain higher returning assets overseas. Under the agreement, MUFJ will pay A$2.10 per share, representing a 23.5% premium to Friday’s closing price.
Link’s board has unanimously recommended that shareholders vote in favour of the