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MUFG to buy RBS project assets

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11-15-2010, 04:00 PM

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MUFG to buy RBS project assets

Mitsubishi UFJ Financial Group (MUFG), which is Japan’s largest bank by assets, is to buy project-finance assets from Royal Bank of Scotland (RBS) in a deal valued at £3.8 billion. The deal comes as RBS, which is 84% owned by the taxpayer, continues to dispose of legacy assets. Meanwhile, the deal will see MUFG strengthen [...]

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