In order to respect the business independence of the new financial group consisting of Ikeda, Senshu and the new integrated company, BTMU plans to divest a part of its common stock in the new integrated company excluding the new integrated company from an equity method affiliate of Mitsubishi UFJ Financial Group (MUFG).
MUFG and BTMU intend to support the efforts of Ikeda and Senshu towards such business integration and also support the development of the new financial group.
Senshu will no longer remain a consolidated subsidiary of BTMU after the incorporation of the new integrated company, the company said.
