Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, March 1, 2011

Nomura announces sale of Japan's Tsubaki to Carlyle

Nomura Holdings (8604.T) said its principal finance arm would sell its 95.56 percent stake in Japanese bearings parts maker Tsubaki Nakashima Co to U.S. private equity firm Carlyle Group [CYL.UL]. The transaction was based on Tsubaki's current enterprise value of 66 billion yen ($807.4 million), Nomura said in a release. (Reporting by Junko Fujita; Editing by Nathan Layne)

Source