Nomura Holdings and LINE sign MOU to consider financial business alliance

Wednesday, 28 Mar 2018 

March 28 (Reuters) - Nomura Holdings Inc <8604.T>:Says it and LINE Corp <<<3938.T>>> have signed a memorandum of understanding to explore a business alliance primarily aimed at providing securities services .Says it and LINE Corp will jointly set up a JV, LINE Securities Corporation, which will be engaged in brokerage and securities investment consultation services to help clients build assets, in May .Says it and LINE Corp will hold 49 percent stake and 51 percent stake in the JV respectively .