Baker McKenzie advised Japanese financial holding company Nomura Holdings in completing the transfer of the entire stake of Nomura Asia Investment (Singapore) held in its Thai business, Capital Nomura Securities, to Thailand’s Bank of Ayudhya.
Singapore law firm Baker McKenzie Wong & Leow teamed up with Baker McKenzie in Thailand to complete the transaction. M&A principal Andrew Martin in Singapore and financial services partner Benja Supannakul in Bangkok led the cross-border team with support from city state principal Sharon Foo, and Bangkok-based partners Apichart Kasemsri Na Ayudhya, Sujade Simthamnimit and Theppachol Kosol.
The sale agreement comprised Nomura’s 99.1% stake in Capital Nomura Securities held by Nomura Asia Investment (Singapore), including its domestic and retail brokerage businesses. The transaction was completed on 7 March after obtaining approvals from…
