nomura-to-buy-lehmans-asiapacific-assets

Nomura to buy Lehman's Asia-Pacific assets

The acquisition of the Asian operations of Lehman Brothers gives JapanÆs only independent investment bank a huge boost.
On Monday evening, JapanÆs leading independent investment bank, Nomura, confirmed it has agreed to acquire Lehman BrothersÆ operations in Asia-Pacific. The price was not disclosed, but sums ranging from $250 million to $500 million were talked about in the market. A Nomura source says it is not possible to give a final price until the remuneration for Lehman's staff has been worked out. The acquisition will be financed out of the $6 billion of subordinate loans and bonds that Nomura raised in April.

According to a release, the agreed acquisition includes all of Lehman's franchises and its approximately 3,000 employees in multiple locations in the Asia-Pacific region, including Japan and Australia. A Nomura spokesman in...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222