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
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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.
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