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Image header Agence Europe
Europe Daily Bulletin No. 8935
Contents Publication in full By article 21 / 43
GENERAL NEWS / (eu) eu/competition

25/04/2005 (Agence Europe) - The Commission has granted clearance to the full merger of Mitsubishi Tokyo Financial Group, Inc (MTFG) of Japan and UFJ Holdings Inc (UFJ). MTFG provides a comprehensive range of financial services worldwide through its two main subsidiaries, the Bank of Tokyo-Mitsubishi and the Mitsubishi Trust and Banking Corporation. Based in Japan, MTGF is present in Asia, USA and Europe. UFJ is a holding company providing a wide range of financial services, mainly through its main subsidiaries, UFJ Bank, UFJ Trust Bank and UFJ Tsubasa Securities. As a result of this merger, the holding company will be one of the biggest financial companies in the world in terms of assets. It was examined under the simplified merger review procedure.

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