Japan's MUFG to invest $100 mln in WealthNavi -Nikkei

WealthNavi

13/02/2024 14:07

TOKYO, Feb 13 (Reuters) - Japan's Mitsubishi UFJ
Financial Group (MUFG)  8306.T  will invest about 15 billion yen
($100 million) in online asset management platform WealthNavi
Inc  7341.T , the Nikkei business daily reported on Tuesday.
    MUFG's banking arm is likely to acquire a more than 15%
stake in WealthNavi through third-party allotment but will keep
the listing status and current management of the company, Nikkei
said.

($1 = 150.5000 yen)

 (Reporting by Kantaro Komiya
Editing by David Goodman
)
 ((Kantaro.Komiya@thomsonreuters.com; Twitter: @kantarokomiya;))