Bidders line up for Enron stake

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.


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