M&A

A team of 20 lawyers across Clyde & Co’s offices in Beijing, Hong Kong, London, Guildford, Dubai and Paris worked on the deal, led by Partner and Chief Representative of the firm’s Beijing office, Lynia Lau.

Nomura Holdings, Inc. today announced that it has resolved to sell a portion of the shares of common stock it holds in JAFCO Co., Ltd. (2,200,000 shares, or 4.9% of the total number of voting rights).

European asset managers are set to rationalise further, but a widespread M&A spree is unlikely, Fitch Ratings says. Most managers may opt for less intrusive strategies, such as a reduction in the number of funds and cost-cutting, to tackle margin pressure in a fragmented and competitive market rather than face M&A challenges.

ING announced today that, together with the Dutch State, it has completed the unwinding of the Illiquid Assets Back-Up Facility (IABF). The IABF was established in 2009, at the depth of the financial crisis, in order to reduce the risk and uncertainty for ING from a portfolio of US Alt-A mortgage securities.

Nomura Asset Management Co., Ltd., a wholly owned subsidiary of Nomura Holdings, Inc., today announced that it has agreed to acquire ING Group’s interest in ING Securities Investment and Trust Company Limited, Taiwan, the local asset management unit of ING Group...