Baker McKenzie Advised Nomura in Sale of Thai Business to Bank of Ayudhya
Baker McKenzie Advised Nomura in Sale of Thai Business to Bank of Ayudhya
Nomura Holdings received legal advice from Baker McKenzie for the transfer of its complete stake in its Thai business, Capital Nomura Securities, held by Nomura Asia Investment (Singapore), to the Bank of Ayudhya in Thailand.
The transaction was completed through collaboration between the Singaporean law firm, Baker McKenzie Wong & Leow, and Baker McKenzie in Thailand.
Andrew Martin, M&A principal in Singapore, and Benja Supannakul, financial services partner in Bangkok, jointly led the cross-border team. The team received support from Sharon Foo, principal in Singapore, as well as Bangkok-based partners Apichart Kasemsri Na Ayudhya, Sujade Simthamnimit, and Theppachol Kosol.
Nomura Holdings sold its entire 99.1 per cent stake in Capital Nomura Securities, including its domestic and retail brokerage businesses, which was held by Nomura Asia Investment (Singapore).
The transaction was finalised on March 7, following regulatory approvals from the Bank of Ayudhya's shareholders, the Bank of Thailand, and other relevant regulatory bodies.
Capital Nomura Securities is primarily involved in the securities business, encompassing securities brokerage, derivatives brokerage, financial advisory, underwriting, fixed-income trading, securities borrowing and lending, and selling agent services.
Nomura will keep its global markets, investment banking, and wealth management businesses, which are operated by Capital Nomura Securities in collaboration with Nomura Group. These businesses are a key part of Nomura's core wholesale activities and represent the primary focus of the firm's global operations.
