Japanese bank Nomura has been revealed as the sole bidder for Lehman
Administrators from PricewaterhouseCoopers are thought to believe a deal with
Nomura would save more jobs because of its interest in both the investment
banking and equities businesses.
Joint adminstrator Dan Schwarzmann said yesterday: ‘We have now focused on
one party as they are interested in acquiring a wider team, which should result
in a better deal for staff and creditors of these businesses. Given the
complexity of Lehman Brothers, these negotiations are difficult, but I’m hoping
to give certainty to all involved as soon as possible.’
Rival bidder Barclays was thought only to be interested in the investment
banking side of Lehman Bros UK and European operations.
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The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK