Bought Subdivisions and of Lehman in Europe and the Middle East
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.
Last week Barclays Plc agreed to buy a unit of investment banking at Lehman U.S. to be 250 million dollars
The biggest English bank Barclays Plc. purchase department of Lehman Brothers, who is engaged in investment business in the U.S., reported Bloomberg. This occurs several days after the bank decided not to buy the entire company.
The deal is worth 1.75 billion dollars, of which only 250 million in cash for the very business of Lehman and 1.5 billion for building and operating centers in New York on bankrupt investment banker.
In the paper price Barclays made extremely good deal, analysts comment, as this is the price of Sanders Morris Harris Group Inc., Which are investment bankers in Texas with a team of only 617 people.
The portion sold by Lehman, includes business in shares, bonds, research, advice on mergers and acquisitions, forex and materials.
Besides having a commercial bank, Barclays had an investment business in the London-Barclays Capital. The purpose of the transaction today is obviously aiming to expand the Bank’s business in North America. Yesterday securities of Barclays fell by 2.5 percent, which was still less than the decline of other banks, measured by the index FTSE 350 Banks, which decreased by 3.9 percent.
Investment part of Barclays in London has 16 000 employees and contributes to about 16 percent of the profits of the entire institution.
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