Bank of Ayudhya Public Company Limited (SET : BAY) entered into sale and purchase agreement to acquire 99.1% in Capital Nomura Securities Public Company Limited from Nomura Asia Investment (Singapore) Pte. Ltd. on June 30, 2022. Bank of Ayudhya plans to acquire 100.0% of the shares in Capital Nomura Securities, including the remaining 0.9% which are held by other shareholders, for the a total cost of THB 5.5 billion, by the end of 2022. The transaction is subject to approval at its general meeting of shareholders and by the relevant regulatory authorities. As od December 31, 2021, Capital Nomura Securities Public Company Limited reported total assets of THB 13,412 million, revenue of THB 1,906 million, total common equity of THB 5,618 million and net income of THB 452 million. Nomura Corporate Advisors Co., Ltd. acted as sole financial advisor to Nomura Holdings. Suparerk Auychai of Allen & Overy LLP acted as legal advisor to Bank of ayudhya. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor to Bank of Ayudhya Public Company Limited. Benja Supannakul of Baker & McKenzie Ltd. and Andrew Martin of Wong & Leow LLC acted as legal advisor to Nomura Asia Investment (Singapore) Pte. Ltd.

Bank of Ayudhya Public Company Limited (SET : BAY) completed the acquisition of 99.1% in Capital Nomura Securities Public Company Limited from Nomura Asia Investment (Singapore) Pte. Ltd. on March 7, 2023.