Nomura to buy Instinet

Nomura, the Japanese bank, is to acquire brokerage Instinet from US buyout firm Silver Lake Partners. The price is understood to be nearly $1.2bn (€940m).

Nomura confirmed that it had agreed to buy the business from US private equity house Silver Lake Partners in a statement this morning, shortly after Financial News reported that the deal had been done. Nomura did not confirm the price.

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