Nomura Sells Standard Chartered Stake Valued at $500 Million
- Bank was selling shares on behalf of unidentified investor
- Barclays was sole bookrunner on the transaction, terms show
Signage for Nomura Securities Co., a unit of Nomura Holdings Inc., is displayed outside a branch in Tokyo, Japan, on Wednesday, Nov. 30, 2016. A recovery in Nomura's businesses outside of Japan is continuing in the current quarter, Nomura Chief Executive Officer Koji Nagai said at an investor forum today.
Photographer: Yuriko Nakao/BloombergNomura Holdings Inc. disposed of a stake in Standard Chartered Plc valued at almost $500 million on behalf of an unidentified investor, according to people familiar with the matter.
Nomura was selling shares linked to the closing of a hedged transaction, the people said, asking not to be identified as the details aren’t public. The selling shareholder had previously acquired the stake in Standard Chartered through derivative transactions with the Japanese investment bank, they said.