Mitsubishi UFJFinancial Group Inc. and Mitsubishi UFJ Lease & Finance Co. Ltd. closed theacquisition of an aggregate27.21% stake in Hitachi CapitalCorp.
Mitsubishi UFJ Financial acquired 26,884,484 Hitachi Capitalshares, or a 23.01% stake, while unit Mitsubishi UFJ Lease & Financeacquired 4,909,340 shares
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.