Komfie Manalo, Opalesque Asia:
Diversified global investment firm Fortress Investment Group LLC and Nomura Holdings, Inc. announced that Fortress has repurchased Nomura's 12% ownership stake for $363.4m, or $6.00 per share.
In conjunction with the transaction, the companies have recommitted to a strategic and mutually beneficial business relationship that has supported Fortress’s significant expansion in Asia since 2006.
"Nomura's early investment in Fortress and the expertise they have provided as a strategic partner have contributed significantly to the growth and evolution of our company," said Fortress co-chairman and co-founder Wes Edens in a statement. He added, "We are very pleased to announce a transaction that provides compelling benefits to both Fortress shareholders and to the corporate objectives of a valued business partner."
Nomura Holding America Inc., president and CEO David Findlay, commented, "Nomura values the great relationship and partnership that we always had with Fortress as one of its principal investors. We’re looking forward to continuing our relationship with Fortress, and are excited about the opportunity to contribute in an investment banking role to Fortress’s future success."......................
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