Nomura Said to Seek Stake in American Century for $1 Billion

Updated on
  • Japanese firm seeking to expand into U.S. retail markets
  • Purchase from CIBC said due to take place in early 2016

Nomura Holdings Inc., Japan’s biggest brokerage, plans to pay about $1 billion for a stake of around 40 percent in U.S. money manager American Century Investments, according to a person familiar with the matter.

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