Japan's Nomura Holdings (NMR) and Mizuho Financial Group (MFG) are the leading contenders for KKR & Co.'s (KKR) 63% stake in India's Avendus Capital, Bloomberg reported Wednesday, citing people familiar with the matter.
KKR is looking to sell its stake for at least $400 million and as many as seven firms have expressed interest in taking control of India's biggest investment bank including Carlyle Group (CG).
Nomura and Mizuho have made the highest preliminary bids for KKR's stake, the report said.
Mizuho declined comment to MT Newswires. KKR and Avendus did not immediately respond to requests for comment, while Nomura could not be reached.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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