Krungsri and Mitsubishi UFJ Financial Group to acquire Thailand unit of Nomura for $156m.

Krungsri, a financial group in Thailand, and Mitsubishi UFJ Financial Group, a bank holding and financial services company, agreed to acquire Thailand unit of Nomura, a holding company which manages financial operations, for $156m. “We are pleased to announce this transaction with the Bank of Ayudhya, one of Thailand’s leading financial services companies. Following an assessment of the international businesses we have a competitive advantage in, we decided that Capital Nomura Securities would be better placed to unlock value with the Bank of Ayudhya. This also enables Nomura to focus on our core businesses in Asia ex-Japan, including Thailand,” Kenji Teshima, Nomura Representative Director.