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Nomura grabs Lehman Asia unit

Reuters Tokyo – Japan’s Nomura Holdings is to buy the Asian operations of Lehman Brothers, a source with direct knowledge of the deal said on Monday, outbidding other banks seeking to scoop up the bankrupt U.S. bank’s Asian assets.

The source did not say how much the deal was worth, nor did he say if certain Lehman units were excluded from the agreement.

Nomura and Britain’s Barclays Plc have also bid for parts of Lehman’s business in Europe, as administrators seek to save as many jobs and salvage as much business as possible from the wreckage of what was Wall Street’s fourth biggest investment bank.

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