Of Special Interest
21st October 2011
Nomura to buy GE Capital Finance (China)?
Nikkei suggest that Nomura may have a deal in principal with GE Capital to buy GE Capital Finance (China) and the parties are waiting for regulatory approval. Nomura is hoping then to gain a banking licence for the operation. The current operation is a traditional financial house operation of lending against secured assets. Currently Nomura has representative offices only in China.
Nomura's move to develop in China is said to be part of a wider plan for expansion across the Asia Pacific region.