Tokyo, Japan, 7 November 2018 – Baker McKenzie has advised Mitsubishi UFJ Trust and Banking Corporation (MUTB) on its agreement to acquire Colonial First State Global Asset Management from Commonwealth Bank of Australia for 4.0 billion AUD (3,280 billion JPY).
Baker McKenzie Lead M&A Partners’ Ben McLaughlin and Tetsuo Tsujimoto said: “We are delighted to assist Mitsubishi UFJ Financial Group on this highly important transaction. It will provide MUTB with substantial enhancement of its global asset management services, in many key locations around the world. The transaction has illustrated the ability of Baker McKenzie to successfully execute a cross-border, multinational, market-leading M&A transaction in the financial services industry, in an expedited timeframe.”
*1 AUD = 82 JPY