Japan Largest Bank Mitsubishi UFJ Financial Group (MUFG) to Buy Japan Robo-Advisor WealthNavi for $664 Million via Tender Offer of JPY 1,950 Per Share Representing 84% Premium Over Closing Price on 28th November 2024, MUFG Acquired 15% Stake in WealthNavi Earlier in 2024, WealthNavi with $8.7 Billion AUM Founded in 2015 by Kazuhisa Shibayama & IPO in 2020
5th December 2024 | Hong Kong
Japan largest bank Mitsubishi UFJ Financial Group (MUFG) has announced to buy Japan robo-advisor WealthNavi for $664 million via tender offer of JPY 1,950 per share representing a 84% premium over closing price on 28th November 2024. Earlier in 2024, MUFG had acquired 15% stake in WealthNavi. WealthNavi with $8.7 billion AUM was founded in 2015 by Kazuhisa Shibayama, and IPO in 2020.
“ Japan Largest Bank Mitsubishi UFJ Financial Group (MUFG) to Buy Japan Robo-Advisor WealthNavi for $664 Million via Tender Offer of JPY 1,950 Per Share Representing 84% Premium Over Closing Price on 28th November 2024, MUFG Acquired 15% Stake in WealthNavi Earlier in 2024, WealthNavi with $8.7 Billion AUM Founded in 2015 by Kazuhisa Shibayama & IPO in 2020 “
Japan Largest Bank Mitsubishi UFJ Financial Group (MUFG) to Buy Japan Robo-Advisor WealthNavi for $664 Million via Tender Offer of JPY 1,950 Per Share Representing 84% Premium Over Closing Price on 28th November 2024, MUFG Acquired 15% Stake in WealthNavi Earlier in 2024, WealthNavi with $8.7 Billion AUM Founded in 2015 by Kazuhisa Shibayama & IPO in 2020
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