Nomura returns to private equity, seeking stable income
It plans to initially invest about 100 billion yen in new business, but has yet to identify any specific investment targets
Tokyo
NOMURA Holdings Inc is returning to private equity - a move that comes as it seeks more stable income through consulting services and as Japanese firms increasingly look to divest non-core businesses as part of restructuring plans.
Japan's biggest brokerage and investment bank on Wednesday said in a statement it would initially invest about 100 billion yen (S$1.21 billion) in the new business.
It has yet to identify any specific investment targets.
Nomura and other brokerages, which generate much of their revenues from securities trading, are increasingly looking to more stable income streams in an effort to reduce their…
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