Collins Stewart takeover approach

According to reports, Collins Stewart the British broker, has been approached by Japan’s Nomura Holdings, Japan’s largest brokerage.

Talks of a takeover are believed to be in the early phase and no formal offer has been made but it is understood that Nomura is interested in buying the Collins Stewart business in its entirety. Should a takeover go ahead, it will value Collins Stewart at over £700 million.

No-one at Nomura was available for comment.

Collins Stewart is based in London and is listed on the London Stock Exchange. The company is the ‘major sponsor’ of the London International Boat Show.

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