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Nomura to buy Macquarie's U.S. and European public asset management business for $1.8 billion

1. Nomura will acquire Macquarie's North American and European public investments for $1.8 billion. 2. Deal expected to close by year-end, pending regulatory approvals and minimal financial impact. 3. Nomura aims to boost assets under management from $590 billion to $770 billion. 4. Collaboration on product distribution with Macquarie for U.S. wealth clients announced. 5. Transaction positions Nomura strategically in global asset management growth sector.

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FAQ

Why Bullish?

Nomura's acquisition enhances market position in asset management, indicating potential growth. Historical acquisitions in finance often lead to increased profitability, as seen with similar firms.

How important is it?

The acquisition is a significant step in enhancing Nomura's asset management capabilities and market share. Considering regulatory aspects and the strategic move's potential impact on profitability, this is highly relevant.

Why Long Term?

The strategic focus on asset management may provide sustained growth, similar to past trends in the industry. Increased assets under management typically correlate with revenue improvements over time.

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