Following a deal to acquire Lehman Brothers Holdings Inc.’s operations in the Pacific region on Monday, (InvestmentNews, Sept. 22), Japanese investment bank Nomura Holdings Inc. today announced it will purchase the European and Middle Eastern equities and investment banking operations of the bankrupt investment bank.
The price tag for the acquisition was not disclosed.
Tokyo-based Nomura said the acquisition will not include any trading assets or liabilities from the New York-based company.
Lehman's equities and investment banking businesses in Europe and the Middle East employ about 2,500 people, of whom a “significant proportion” are expected to be retained, Nomura said in a statement.
“This transaction will significantly extend our European footprint and international reach, enabling us to realize our strategy of delivering Asia to the world,” Kenichi Watanabe, Nomura's president and chief executive, said in a statement.
Last week, London-based Barclays PLC agreed to acquire the former Wall Street giant's North American investment-banking division and several properties for a fire sale price of $1.75 billion (InvestmentNews, Sept. 16).
The terms of Nomura's buy Lehman's operations in the Pacific region on Monday, were not disclosed, but the deal is valued at around $225 million, a person familiar with the matter told The Associated Press.
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