Mitsubishi UFJ to Acquire Robo-Adviser WealthNavi
Tokyo, Nov. 29 (Jiji Press)--Mitsubishi UFJ Financial Group Inc. plans to acquire Japanese robo-advisory firm WealthNavi Inc. to reinforce its asset management services targeting individual customers, people familiar with the matter said Friday.
MUFG Bank, a unit of Mitsubishi UFJ Financial, plans to take full control of WealthNavi through a tender offer. The bank acquired a stake of over 15 pct in WealthNavi in March.
(2024/11/29-12:02)
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