Skip to main content
news
People queue inside a branch of the Mitsubishi UFJ (MUFJ) Financial Group's bank of Tokyo-Mitsubishi UFJ in Tokyo, Japan, February 1, 2016. REUTERS/Yuya Shino

 

Sullivan & Cromwell has advised Mitsubishi UFJ Financial Group (MUFG) on its $936 million investment in the Minnesota-based U.S. Bancorp.

The investment increases MUFG's stake in the fifth-largest U.S. bank to 4.4 percent from 2.9 percent, Reuters reported, adding that Bancorp will pay back some of the debt it owes the Japanese lender from the proceeds.

The S&C team was led by partners C. Michelle Chen, H. Rodgin Cohen, Keiji Hatano and Donald Toumey.

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Deals

Top international firms act on landmark $7.1 bln ESR take-private deal

by Nimitt Dixit |

Global law firms Freshfields, Latham & Watkins, Kirkland & Ellis, Paul, Weiss, Rifkind, Wharton & Garrison and Cleary Gottlieb Steen & Hamilton have steered an offer to take the Hong Kong-listed ESR Group private in a deal valued at $7.1 billion.

Deals

Fangda, KWM act on HKAA’s $592 mln acquisition of Zhuhai Airport stake

by Hu Yangxiaoxiao 胡阳潇潇 |

Fangda Partners has advised the Hong Kong Airport Authority (HKAA) on its agreement to purchase a 35 percent stake in Zhuhai Airport for approximately $592 million, with King & Wood Mallesons representing the seller, Zhuhai Transportation.

Deals

BKL, Yoon & Yang guide $640 mln Korean real estate deal

by Nimitt Dixit |

Top South Korean firms Bae, Kim & Lee and Yoon & Yang have advised the seller and buyer, respectively, in the acquisition of Donuimun D Tower in central Seoul by NH Nonghyup REITs Management for $640 million from Mastern Asset Management.