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Business deals

MUFG to buy Nomura's Thai securities unit for $153m

Japan financial group to boost presence in top Southeast Asia equity market

The megabank intends to leverage its own customer base and bring more retail investors to securities. (Source photos by Shihoko Nakaoka and Reuters) 

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.

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