Many large Japanese companies continue to expand their presence in the international financial sector, they invest to promising companies.
Major Japanese financial company Nomura Holdings acquires from Canadian Imperial Bank 41% stake of the US investment company American Century Investments. Canadian Imperial Bank acquired this piece at American Century Investments in 2011 for $ 848 million. The transaction value is now estimated at $ 1 billion. The agreement between the companies will provide Nomura 10,1% voting shares in American Century Investments.
Representatives of the company Nomura Holdings said that the deal will be closed in the first half of the year 2016. This agreement will be the largest investment company since 2007, when it acquired Instinet for $ 1.2 billion.
Koji Nagai, the CEO of Nomura Holdings, in his presentation to investors, said: “This acquisition will enhance the ability of Nomura Holdings in sales, it is a great honor to Nomura to enter into a long-term cooperation with American Century Investments, since this is a successful and proven investment management company; combining Western and Eastern ambitions will help to achieve a great success in the future.”
At the closing of the transaction, which is expected in the first half of 2016, Nomura will name two of his representatives on the board of directors of American Century Investments.
Nomura Holdings Company is seeking to expand spheres of influence outside their native country. To this end, it has acquired a Taiwanese investment share in ING Groep NV, as well as created a venture fund with a Chinese company Capital Management last year.
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