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Goldman Sachs to Buy UFJ Commercial Loan Unit
March 4, 2005
Goldman Sachs Group plans to buy UFJ Holdings' CMA commercial lending unit, enabling the Japanese bank to reduce bad loans and help meet a government target, according to a published report.
CMA's 45 billion yen ($429 million) of loans are backed by properties, including gaming parlors, short-stay hotels and golf courses. The terms of the transaction will be decided by March 31, Bloomberg News reported, citing bankers involved.
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