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Nomura Completes Sale of Stake in BDO Nomura
November 26, 2020
Nomura Holdings, Inc.
Tokyo, November 26, 2020 - Nomura Holdings, Inc. today announced that it has completed the sale of its entire stake (49% of outstanding shares held by Nomura Asia Investment (Singapore) Pte. Ltd.) in BDO Nomura Securities, Inc. to BDO Capital Investment & Corporation, a wholly owned subsidiary of BDO Unibank, Inc. Nomura had announced an agreement with BDO Unibank to sell its stake in a news release1 issued on June 23, 2020.
BDO Nomura will no longer be an equity method affiliate of Nomura. In addition, the name of BDO Nomura will be changed, subject to regulatory approval.
Nomura does not expect the transaction to have a material impact on its consolidated results.
Nomura
Nomura is a global financial services group with an integrated network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Retail, Asset Management, Wholesale (Global Markets and Investment Banking), and Merchant Banking. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.
