Mitsubishi UFJ Trust and Banking Corporation A$4.1 billion acquisition of Colonial First State Global Asset Management

2/8/2019

Private acquisition

Value:

A$ 4.1 billion

Status:

Announced

Date:

2/8/2019

Overview:

Mitsubishi UFJ Trust and Banking Corporation has agreed to acquire the Colonial First State Global Asset Management (CFSGAM), the global asset management business of the Commonwealth Bank (CBA) for A$4.1 billion.

Prin Shasiharan - Researcher

Jurisdictions:

Australia
Japan
Finland

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Financial services

Firms:

Baker McKenzie

Party: Mitsubishi UFJ Trust and Banking Corporation (Acquirer)

Lawyers: Ben McLaughlin, Tetsuo Tsujimoto

Hannes Snellman

Party: Commonwealth Bank of Australia (Seller)

Lawyers: Jari Tukiainen, Johan Aalto

Herbert Smith Freehills

Party: Commonwealth Bank of Australia (Seller)

Lawyers: Robert Bileckij, Tony Damian

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