Mitsubishi UFJ Trust And Banking Corporation may acquire Shinkin Trust Bank, Ltd. from by Shinkin Central Bank (TSE:8421). According to the news report, Mitsubishi UFJ Trust and Banking will ink an agreement as early as October 31, 2016 to acquire the Shinkin Trust Bank. It further mentioned that the purchase of Shinkin Trust is estimated to cost more than ¥10 billion at the most and is set to conclude by summer of 2017. The Mitsubishi UFJ Financial Group unit plans to fully absorb operations of Shinkin Trust.