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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.