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November 20, 1998

* Bank of Tokyo-Mitsubishi Ltd. plans to sell $750 million of its $4.38-billion majority stake in UnionBanCal Corp., which would increase investors' ability to buy and sell the thinly traded stock and raise cash for the Japanese bank. The sale would cut the UnionBanCal stake of Japan's largest bank to between 62% and 70% from 82%. San Francisco-based UnionBanCal is the holding company of Union Bank of California.

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