Nomura

Nomura

February 15, 2010 02:00 ET

Nomura to Acquire Nexen Energy Marketing London Limited ("NEML")

LONDON, UNITED KINGDOM--(Marketwire - Feb. 15, 2010) - Nomura, the global investment bank, today announces that it has entered into a binding agreement to acquire Nexen Energy Marketing London Limited, a physical commodity trading and marketing business focused on European natural gas and power. NEML is a wholly owned subsidiary of Nexen Inc., a Canadian based exploration and production company listed in Canada and the US.

NEML has trading activities in the UK, Belgium, the Netherlands and Germany and access to a scalable physical platform, including natural gas storage and transportation capabilities.

Nomura currently operates commodities businesses in Europe and Asia, primarily focused on providing commodity solutions to its institutional and corporate client base. The acquisition of NEML will be highly complementary to Nomura's existing Commodities franchise. The acquisition will also further enhance Nomura's highly regarded global investment banking franchise in the power and gas sector.

Jason Tudor, Head of Commodities in EMEA at Nomura commented: "The acquisition of NEML will immediately provide Nomura with a power and gas business in Europe and presence in our key focus European markets. It will enable us to trade with a broad range of highly regarded industrial and financial counterparties. We expect the business to significantly enhance our growing Commodities business in the region."

Kieran Higgins, co-head of Fixed Income in EMEA said: "Nomura is actively looking to grow its position in Commodities, and this acquisition provides a timely opportunity for us. The newly acquired business will provide access to high quality clients, infrastructure and European markets and therefore significantly accelerate our goal of building scale in Commodities."

Nomura

Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs over 26,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through five business divisions: retail, global markets, investment banking, merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com.

Since the acquisition of Lehman Brothers' European and Middle Eastern businesses in October 2008, Nomura now has over 4,500 employees in the region and has made tremendous progress in its fixed income, equity and investment banking businesses. In particular for the last eight months Nomura has been the number one equity trader on the London Stock Exchange.

Contact Information

  • Nomura
    Jonathan Hodgkinson
    +44 (0) 20 7102 1471