Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Nomura Offers to Acquire Rest of Stake in Thailand Unit

March 19 (Bloomberg) -- Nomura Holdings Inc., Japan’s largest brokerage, said it will offer as much as 10.4 billion yen ($102 million) to buy the shares it doesn’t already own in its Thai securities unit.

Nomura will offer 2.51 baht (8 U.S. cents) for each share of Capital Nomura Securities Pcl between April and June to add to its 38.6 percent stake in the Thai firm, the Tokyo-based company said in a statement. The amount is a 17 percent premium to Capital Nomura’s closing price in Bangkok today.

“The importance of Thailand has increased significantly, not only due to continuous growth in domestic securities market participants based on stable economic growth, but also from the perspective of expanding into surrounding countries, such as Laos, Myanmar and Cambodia, where growth is expected to accelerate,” Nomura said in the statement.

Nomura has sent two executive directors and one director to Capital Nomura Securities, which was formed in 1970 and employs about 530 people, according to the statement.

To contact the reporter on this story: Takahiko Hyuga in Tokyo at thyuga@bloomberg.net

To contact the editors responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net Darren Boey, Steven Crabill

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.