Nomura buys Lehman
HONG KONG — Nomura Holdings Inc., Japan’s largest brokerage, said Monday that it has agreed to buy the Asian operations of bankrupt U.S. investment bank Lehman Brothers Holdings Inc. The deal includes Lehman’s businesses in Japan and Australia.
Nomura called the deal "a once-in-a-generation opportunity" for the Japanese brokerage house. The deal includes Leh-
man’s 3,000 employees in Asia, including its biggest regional offices in Japan and Hong Kong.
"It will significantly extend our reach in Asia. We see immediate strategic benefits, delivering the scale and scope to realize our vision to be a world-class investment bank," Kenichi Watanabe, Nomura’s chief executive, said in a statement.
The deal was valued at around $225 million, one person familiar with the matter told The Associated Press payday advance. Nomura did not give the value of the acquisition.
Meanwhile, Nomura also was close to clinching a deal for Lehman’s Europe businesses, another person familiar with the matter said. Nomura’s statement made no mention of the European operations.
THE ASSOCIATED PRESS