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Mitsubishi UFJ enters fray for ANZ stake in Bank Panin: sources

Published Mon, Oct 26, 2015 · 09:50 PM
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Hong Kong

MITSUBISHI UFJ Financial Group Inc has entered the running for a 39 per cent stake in PT Bank Pan Indonesia (Panin), people with knowledge of the matter said, potentially setting up a battle between two of Japan's largest banks.

Japan's biggest lender and its competitor Mizuho Financial Group Inc are among short-listed bidders for Australia & New Zealand Banking Group Ltd's (ANZ) holding in Jakarta-based Bank Panin, according to the people, who asked not to be identified as the information is private.

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