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.

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