UPDATE: Nikko inks DBS Asset Management acquisition

Dec 6, 2010

Nikko Asset Management will acquire DBS’s funds JVs in Malaysia and win strategic distribution via DBS Bank.

In a deal tipped by AsianInvestor, Nikko Asset Management has agreed to acquire DBS Asset Management. DBS will acquire a 7.25% stake in Nikko AM in return, in an all-share agreement.

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