British Lehman assets attracting interest: Administrator
The British operations of collapsed US investment giant Lehman Brothers have attracted interest from a number of groups.
By Agencies |
LONDON: The British operations of collapsed US investment giant Lehman Brothers have attracted interest from a number of groups, its British administrators PricewaterhouseCoopers said Wednesday.
"There have been expressions of interest in LBAM (Europe) and Lehman Brothers Europe Ltd (the asset management and corporate finance advisory businesses) which are solvent and continue to operate and we have begun discussions with interested parties," said PWC partner Tony Lomas in a statement.
"We are also taking a keen interest in developments with Lehman Brothers in the US."
Much of the Lehman Brothers' British operations - which employ around 4,500 people - were placed in administration on Monday after its US parent company filed for bankruptcy.
British bank Barclays said earlier Wednesday that it had reached a deal to acquire the North American investment banking and capital markets businesses of Lehman Brothers for $1.75 billion (1.24 billion euros).
"There have been expressions of interest in LBAM (Europe) and Lehman Brothers Europe Ltd (the asset management and corporate finance advisory businesses) which are solvent and continue to operate and we have begun discussions with interested parties," said PWC partner Tony Lomas in a statement.
"We are also taking a keen interest in developments with Lehman Brothers in the US."
Much of the Lehman Brothers' British operations - which employ around 4,500 people - were placed in administration on Monday after its US parent company filed for bankruptcy.
British bank Barclays said earlier Wednesday that it had reached a deal to acquire the North American investment banking and capital markets businesses of Lehman Brothers for $1.75 billion (1.24 billion euros).
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