Nomura buys Lehman's European and Middle Eastern operations

Japanese brokerage Nomura Holdings Inc. continues its global expansion with the purchase of the European and Middle Eastern equities and investment banking operations of Lehman Brothers Holdings Inc. The announcement comes a day after Nomura purchased Lehman's Asian investment banking arm for $225 million.

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Nomura's CEO Kenichi Watanabe said in the press release, "This transaction will significantly extend our European footprint and international reach, enabling us to realize our strategy of delivering Asia to the world. Our immediate priority is to get the equity and investment banking divisions back in business operating under the Nomura name."

Of Lehman Brothers' 4,500 employees in Europe, about 2,500 are expected to keep their jobs under the terms of the deal. - Maria Woehr

See Dealscape: Buying off Lehman sale rack
See Dealscape: Nomura wins Lehman Asian assets

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