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Nomura to Buy Lehman Europe Business: Report

Nomura snagged Lehman's Asian business for $225 million on Monday.
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Nomura Holdings

is close to acquiring the European operations of

Lehman Brothers

, the

Wall Street Journal

reports, citing people familiar with the situation.

On Monday, Nomura, Japan's biggest broker, snagged Lehman's Asian business for $225 million.

Nomura is in talks with Lehman's London insolvency administrator PricewaterhouseCoopers after


dropped out, the


reports. A deal may be signed later Tuesday.



reports Nomura is interested in acquiring Lehman's European investment-banking and equities divisions, but its interest in Lehman's fixed-income division is unknown.

This article was written by a staff member of