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Nomura set to make Chinese acquisition

By Tim Kelly and Nathan Layne | China Daily | Updated: 2011-10-20 07:53

Japanese bank on verge of buying Shanghai-based GE Capital Finance

TOKYO - Nomura Holdings Inc, Japan's largest investment bank, is set to buy a Chinese unit of GE Capital, the financial services unit of General Electric Co.

The acquisition would be a key step toward Nomura building a solid footing in the fast-growing financial markets of the Chinese mainland, according to a source with knowledge of the matter.

Nomura set to make Chinese acquisition

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