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Business deals

Japan's MUFG extends $18bn loan to Bristol-Myers for megadeal

Megabank teams with partner Morgan Stanley to fund Celgene acquisition

The head office of MUFG Bank in Tokyo. The megabank is actively exploring deals overseas. (Photo by Akira Kodaka)

TOKYO -- MUFG Bank is lending about 2 trillion yen ($18.5 billion) to Bristol-Myers Squibb for its purchase of fellow U.S. biopharmaceutical company Celgene, in what will be the largest merger and acquisition financing provided by a Japanese company.

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