Özyeğin may offer bid for Lehman unit

Bloomberg

Özyeğin is interested in buying brokerage Lehman Brothers Securities, which started liquidation procedures in January, Sabah said without saying where it got the information.

Özyeğin, who set up a venture with Lehman to buy bad assets from banks, also may bid for Lehman's shares in that company, which were seized by Turkish regulators when the U.S.-based parent company collapsed, Sabah said. Özyeğin agreed to stay out of the Turkish banking industry for three years after the sale of his lender to National Bank of Greece, a period that ends in August, Sabah said.