BusinessBusiness RecoveryPwC pushing for Lehman sell-off

PwC pushing for Lehman sell-off

PricewaterhouseCoopers locked in talks with bidders hoping to snap up Lehman Brothers' European assets

Administrators from PricewaterhouseCoopers are considering offers for parts
of Lehman Brothers European assets.

The firm has been locked in talks with potential bidders during the weekend.

Dan Schwarzmann, one of the four joint administrators, told
The
Independent
: ‘We have been working flat-out this weekend examining a
number of offers, trying to assess the certainty they will bring,’ he said. ‘We
are focusing on two particular buyers, drilling down into the financial detail
and we hope to announce a deal soon.’

Barclays, which has already bought the collapsed investment bank’s US
operations for about £1bn, is thought to be one bidder. There are also thought
to be two other groups interested. One is reportedly Japanese brokerage firm
Nomura, which declined to comment on market speculation.

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

3m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

3m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

4m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

4m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

4m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

4m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

6m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

6m Emma Smith, Managing Editor