Market Chatter: Nomura, Mizuho In Pole Position For Majority Stake in India's Avendus Capital

MT Newswires Live

Sep 26, 2024

Japan's Nomura Holdings (NMR) and Mizuho Financial Group (MFG) are the leading contenders for KKR & Co.'s (KKR) 63% stake in India's Avendus Capital, Bloomberg reported Wednesday, citing people familiar with the matter.

KKR is looking to sell its stake for at least $400 million and as many as seven firms have expressed interest in taking control of India's biggest investment bank including Carlyle Group (CG).

Nomura and Mizuho have made the highest preliminary bids for KKR's stake, the report said.

Mizuho declined comment to MT Newswires. KKR and Avendus did not immediately respond to requests for comment, while Nomura could not be reached.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 5.36, Change: -0.15, Percent Change: -2.64

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KKR and Avendus did not immediately respond to requests for comment, while Nomura could not be reached.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 5.36, Change: -0.15, Percent Change: -2.64</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1935042215.USD","symbol_name":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC A","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2470454294","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470454294","pubTimestamp":1727290726,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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