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Mitsubishi UFJ Financial, unit close Hitachi Capital share purchases

Mitsubishi UFJFinancial Group Inc. and Mitsubishi UFJ Lease & Finance Co. Ltd. closed theacquisition of an aggregate27.21% stake in Hitachi CapitalCorp. as part of the companies' capital alliance.

Mitsubishi UFJ Financial acquired 26,884,484 Hitachi Capitalshares, or a 23.01% stake, while unit Mitsubishi UFJ Lease & Financeacquired 4,909,340 shares, or a 4.20% stake in the company. Thecompanies acquired the stakes in connection with their partnership with HitachiCapital, announced in May.

Hitachi Capital, on the other hand, will acquire 26,678,000shares in Mitsubishi UFJ Lease & Finance, or a 3% stake, through the stockmarket as part of the partnership.

Meanwhile, Mitsubishi UFJ Lease & Finance and HitachiCapital plan to jointly establish an open financial platform in 2017 as part oftheir capital alliance.