AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Merrill hikes investment in UFJ venture.
Byline: Charles Smith in Tokyo
Merrill Lynch & Co. has stepped up its planned investment in a joint venture with UFJ Bank to manage and collect nonperforming loans held by the Japanese group.
UFJ said Friday, Feb. 14, its New York-based partner will invest [yen]120 billion ($996 million), [yen]20 billion more than the amount Merrill originally agreed when it announced the deal with UFJ in December.
UFJ spokesman Naoki Hirokawa said the U.S. investment bank has agreed to increase its investment because due diligence carried out by Merrill on the loans UFJ plans to transfer to the joint venture yielded better-than-expected results.
Some of …
-
- UFJ to absorb Nippon Shinpan.
-
News wire article from: Europe Intelligence Wire
November 24, 2003
700+ words
-
- Mitsubishi UFJ & Merrill Lynch new JV.
-
News wire article from: Europe Intelligence Wire
April 25, 2006
700+ words
-
- Sovereign takes piece of UFJ.
-
Newspaper article from: The Daily Deal
July 30, 2003
700+ words
-
- Regulatory pressures force UFJ to sell out to big one.
-
News wire article from: Asia Africa Intelligence Wire
August 21, 2004
700+ words
-
- UFJ to Spin Off Systems Division for JV with Hitachi.
-
News wire article from: Asia Africa Intelligence Wire
July 24, 2002
700+ words
