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Read More »MUFG plans to sell $600m of Marelli debt to Deutsche Bank
Bloomberg Mitsubishi UFJ Financial Group Inc. plans to sell about 86 billion yen ($608 million) worth of Marelli Holdings Co. loans to Deutsche Bank AG, as the auto-parts supplier undergoes a court-led rehabilitation. The Japanese bank has already written off most of the amount, and is seeking to recover income by selling the debt. The bank is seeking to complete …
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