Mitsubishi UFJ Trust and Banking Corporation (MUTB) has signed a Scheme Implementation Deed (SID) to acquire 100 per cent of the issued shares of Link Administrations Holdings (Link Group).
Based in London, MUTB is a consolidated subsidiary of MUFG.
The purchase is expected to take place from June 2024, with the acquisition conducted through a Scheme of Arrangement (SOA) under the Australian Corporations Act.
Implementation is subject to the approval of Link Group shareholders, the Australian court, the Australian Foreign Investment Review Board and relevant regulatory authorities.
By granting access to Australian funds, the acquisition will allow MUFG to continue its global business expansion, the company says.
