MUFG backed Krungsri (Bank of Ayudhya) to acquire Capital Nomura Securities from Nomura Asia Investment (Singapore) for $155.3m.

MUFG backed Krungsri (Bank of Ayudhya), a provider of banking services, agreed to acquire Capital Nomura Securities, a provider of securities services, from Nomura Asia Investment (Singapore), for $155.3m. “We are pleased to announce that we have reached an agreement to acquire 99.1% of the shares of CNS, one of the leading securities businesses in Thailand, from NAIS. Krungsri will also offer to purchase the remaining shares of CNS from minority shareholders of CNS at the same price. With CNS’s capabilities, long-standing reputation for its comprehensive and diverse suite of products and services offerings, and well-known research expertise, this transaction forms part of our strategic moves to accelerate the growth and the scale of Krungsri’s securities business as well as strengthen our position as a trusted partner for customers,” Mr. Seiichiro Akita, Krungsri President and CEO.