TOKYO -- Top Japanese bank Mitsubishi UFJ Financial Group has abandoned plans to acquire aircraft investment operations from DZ Bank following what the major German lender calls "inextricable regulatory restrictions" in the U.S.
DZ Bank unit DVB Bank agreed in March 2019 to sell its aviation finance division to MUFG. That November, the two sides completed the transfer of the client lending portfolio, valued at about 4 billion euros ($4.7 billion).
