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Japan's Nomura eyes Lehman bid

Sunday, 7 September 2008


TOKYO, Sept 6 (AFP) The president of Japan's biggest brokerage house Nomura Holdings said the company was considering buying a stake in troubled US investment bank Lehman Brothers, a report said Saturday.brThe move would be part of a plan to spend more than 200 billion yen (1.9 billion dollars) on investment in US and European financial institutions Kenichi Watanabe said in an interview in the Yomiuri Shimbun.brLehman is one of the candidates in which we plan to invest, Watanabe said without elaborating.brA number of overseas banks and securities firms are said to be considering bidding for a stake in Lehman.