11 October, 2017
Deal summary
Our Kuala Lumpur office advised Bank of Tokyo Mitsubishi UFJ (BTMU), the banking entity of Mitsubishi UFJ Financial Group (MUFG), in relation to the disposal of a 4.6% stake in CIMB Group Holdings Berhad, via an accelerated book building by joint bookrunners Morgan Stanley, Credit Suisse and CIMB Investment Bank Berhad.
The transaction which is valued at approximately USD620 million (MYR2.6 billion) is part of MUFG's strategic global master plan, which included a review of its portfolio of existing investment in affiliates.
Key dates
Announced on 20 September 2017
Value
USD620 million (MYR2.6 billion)
Lead partners
Munir Abdul Aziz and Sue Wan Wong
Supporting lawyers
Caryna Koh (associate)
Other law firms
- Herbert Smith Freehills acted as international counsel for BTMU
- White & Case acted as international counsel for the joint bookrunners
- Zaid Ibrahim & Co. acted as local counsel for the joint bookrunners
