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Bought Subdivisions and of Lehman in Europe and the Middle East

Tuesday, September 23rd, 2008

Nomura Holdings Inc. reached agreement for the purchase of units for investment banking and trading in shares of Lehman Brothers Holdings Inc. Europe and the Middle East after yesterday announced that it will acquire the Asian division of the bank, reported Bloomberg.

The amount of the transaction is not specified. Tokyo based bank will retain the seats of most of the employees of Lehman in Europe and the Middle East, which are nearly 2500 people.

For the Asian division of Lehman Nomura offer 225 million dollars and will keep employees in the region who are in 3000.

The state of financial markets over the last ten days of Asian banks provide an opportunity to gain a share of the global market. The biggest Japanese bank Mitsubishi UFJ Financial Group Inc. for example, plans to buy 20 percent of Morgan Stanley for 8.4 billion dollars.

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