|
|
24 Sep 2008
PricewaterhouseCoopers has pulled off the sale of a major part of Lehman Brothers European and Middle Eastern businesses to Asia-based investment bank Nomura.
Joint administrator Dan Schwarzmann said: 'This sale, which is conditional on a number of issues, means the continuing employment of around 2,500 Lehman’s staff, a vast number of whom have been working with us to get this unprecedented deal done.'
The deal includes the investment banking and equities businesses of the Lehman Brothers offices in the UK, the Netherlands, Qatar, Dubai, Kuwait, Spain, Italy, Germany and Sweden.
Joint administrator Mike Jervis, added: 'Clearly we are very pleased with this outcome which secures the future of so many staff but there is still a great deal of work to be done on this very complex administration. The interests of creditors and clients is of paramount importance. Our priority remains the orderly wind down of the business and we will be working with many remaining staff as we do this.'
You may also like
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment