MUFG fails to complete purchase of DVB’s AAM and AIM

It has now been confirmed publicly that MUFG Bank’s acquisition of DVB’s Aircraft Asset Management (AAM) and DVB Aviation Investment Management (AIM) businesses has not been completed due to “regulatory issues”. MUFG Bank and BOT Lease (BOTL), an affiliate of MUFG, acquired DVB Bank’s entire aviation finance client lending portfolio, along with its employees and other parts of its operating infrastructure, from DZ Bank in November 2019. The transaction was intended to include the acquisition of the AIM and AAM businesses, which were to be transferred to a newly established subsidiary of BOT Lease, however MUFG Bank was not able