PracticeConsultingBidders line up for Enron stake

Bidders line up for Enron stake

As the row over the collapse of Enron continues to rage, a number of bidders have emerged to take control of the energy giant's core trading business.

According to reports, one of the bidders is likely to be US bank Citigroup, which ironically is also one of Enron’s main creditors.

Enron’s advisers said at the weekend it was expecting a number of bids for the assets, technology and key staff of its core trading operation in the US.

The news comes as PricewaterhouseCoopers, administrator for Enron in Europe, finalised a deal for the company’s London-based metals trading business.

Links

PwC set to secure third Enron sale

Andersen men at Enron to be quizzed

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