Global financial services group Nomura Holdings Inc (TYO:8604) today announced that it has completed the sale of its entire stake – 49% of outstanding shares held by Nomura Asia Investment (Singapore) Pte. Ltd. – in BDO Nomura Securities, Inc. The stake was sold to BDO Capital Investment & Corporation, a wholly owned subsidiary of BDO Unibank, Inc. BDO Nomura will no longer be an equity method affiliate of Nomura. In addition, the name of BDO Nomura will be changed, subject to regulatory approval. BDO Nomura is poised to be merged with BDO Securities Corp., with the latter remaining as the surviving entity. BDO Securities will become a full service brokerage firm with an expanded product offering which will include non-equity securities. Nomura does not expect the transaction to have a material impact on its consolidated results. Let's recall that the deal was first announced in June 2020. No financial details about the transaction were disclosed.