How Nomura missed the post in Bulgaria

Type of deal: attempted purchase

Type of deal: attempted purchase

Acquirer: Nomura International

Target: Bulgaria Post Bank

For 10 days at the end of June Nomura International was the most important bank in Bulgaria. Not perhaps the most impressive claim in world banking, but in the context of Nomura’s burgeoning eastern European business it was another important milestone. In the past 18 months the bank had made a string of acquisitions in the Czech Republic, Poland and Romania. Bulgaria was its next target.

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