TOKYO -- Mitsubishi UFJ Financial Group will acquire a Nomura Holdings securities subsidiary in Thailand this fall for 5.4 billion baht ($153 million), Nikkei has learned.
The Japanese banking group will acquire more than 90% of the shares in Capital Nomura Securities, intending to leverage its own customer base and bring more retail investors to securities. The acquisition will be made through the MUFG-owned Bank of Ayudhya.
