Mitsub Ufj Fg Stock Price, News & Analysis

Mars Growth, a joint venture fund of Liquidity Group and MUFG, has extended $6 million in growth credit to InfraPrime Logistics, an India-based startup. InfraPrime focuses on reducing infrastructure development costs with heavy-duty electric trucks and data-driven fleet management. This funding raises Liquidity Group's total deployment to over $750 million, targeting $1 billion by year-end 2021. InfraPrime aims to enhance efficiency and lower emissions in logistics, catering to more than 5,000 fleet operators across India.

Mars Growth, a Liquidity and MUFG joint venture fund, has provided PlayShifu with a $7M credit line to support its recent funding efforts. This financing aims to enhance PlayShifu's growth in the U.S. and over 35 other markets. The company, known for its innovative educational tech toys, reported a 150% year-over-year revenue growth for three consecutive years and recently completed a $21M Series B funding round. The additional capital will help launch eight new products within the year.

MUFG Americas Holdings Corporation (NYSE: MUFG) announced the redemption of its 3.50% Senior Notes due 2022 and 3.00% Senior Notes due 2025, with a redemption date set for November 16, 2021. The total principal for each series is $400 million. The redemption price will include a make-whole premium and accrued interest. This decision is associated with restrictive covenants related to the planned sale of MUFG Union Bank N.A. to U.S. Bancorp, announced on September 21, 2021. Notices will be sent to all registered holders by The Bank of New York Mellon Trust Company.

MUFG has announced the sale of MUFG Union Bank, N.A. to U.S. Bancorp for approximately $17.6 billion. The deal includes $8 billion in cash, a $2.5 billion stake in USB, and a $9.6 billion dividend or share repurchase prior to the share transfer. This strategic maneuver aims to strengthen MUFG’s competitiveness by optimizing management resources and focusing on corporate transactions. Post-sale, MUFG expects a gain on sale around JPY 150 billion in FY2022, enhancing its capital efficiency and positioning for growth in the U.S. market.

U.S. Bancorp has announced its decision to acquire MUFG Union Bank for approximately $8 billion, enhancing its presence on the West Coast. The deal focuses on retaining all front-line branch employees and integrating technologies to serve over 1 million consumer and 190,000 small business customers. The acquisition is expected to elevate U.S. Bancorp's market ranking in California from 10th to 5th. The transaction is projected to add roughly $900 million in cost synergies and be accretive to earnings per share by 6% in 2023.

On September 13, 2021, Bechtel, Health Care Service Corporation (HCSC), and Micron were announced as finalists for the AFP 2021 Pinnacle Award, sponsored by MUFG. This award recognizes excellence in treasury and finance, with finalists selected for their innovative solutions that enhance operational efficiency. Voting for the Grand Prize winner is currently open, with MUFG pledging a $10,000 donation to a charity of the winner's choice. The event underscores the significance of advancements in treasury practices and the contributions by these organizations in shaping the finance profession.

Mitsubishi Group (MUFG) has invested an additional $120 million into the Mars Growth Fund, increasing its total investment to $220 million. The fund has successfully financed technology companies in Asia Pacific and Europe, completing transactions worth $80 million in its first year, with demand surpassing $2 billion.

The partnership aims to enhance credit underwriting through Liquidity's DYNAMiCS platform, which utilizes machine learning for rapid due diligence on companies. The fund's value has reached $200 million, showcasing its strong market position.

Mitsubishi UFJ Financial Group (MUFG) has filed its Annual Report on Form 20-F for the fiscal year ending March 31, 2021, with the U.S. Securities and Exchange Commission on July 9, 2021. This report contains audited consolidated financial statements prepared under U.S. GAAP. Shareholders can access the report on MUFG's website or request a hard copy free of charge.