- Thailand's Bank of Ayudhya ( OTCPK:BKAHF ) ( OTCPK:BKAYY ), a unit owned by Mitsubishi UFJ Financial Group ( NYSE: MUFG ) ( OTCPK:MBFJF ), was said to acquire a 99% stake in Capital Nomura Securities, the Thai unit of Nomura Holdings ( NYSE: NMR ), Bloomberg reported Thursday, citing a company statement.
- The Bank of Ayudhya's ( OTCPK:BKAHF ) acquisition of Capital Nomura Securities, which offers brokerage and asset management advisory services for retail and business clients, represents 5.5B baht ($156M), Bloomberg noted.
- Furthermore, The Bank of Ayudhya ( OTCPK:BKAHF ) is planning to buy 100% of CNS shares by the end of 2022, Bloomberg added. That includes the remaining 0.9% of shares held by other shareholders.
- The move comes as Mitsubishi UFJ Financial ( MUFG ) has used up $15B to invest in lenders located in Indonesia, Thailand, Vietnam and the Philippines, Bloomberg reported.
- In February, UBS, Mitsubishi weigh sale of real estate venture, may seek $1.7B .
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Thailand's Bank of Ayudhya to acquire 99% stake in Nomura Securities arm: Bloomberg