PwC pushing for Lehman sell-off
PricewaterhouseCoopers locked in talks with bidders hoping to snap up Lehman Brothers' European assets
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.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceInsolvency statistics in the UK for the second quarter of 2023 were the highest since 2009 with 83% of them relating to small businesses Read More...
View articleThere were 6,342 recorded company insolvencies in Q2, reflecting a 9% increase compared to the number of insolvencies in Q1, and a 13% increase compar...
View articleThe survey paints a “brightening” picture of the global economy, according to the ACCA Read More...
View articleThe pandemic may have “distorted” some economic data Read More...
View articleAdvisory firms must offer a “more supportive” and holistic approach to clients amid the economic downturn Read More...
View articleHaving a clear plan and clean data to help optimise the use of scarce resources will be key for businesses Read More...
View articleThe Coronavirus Job Retention Scheme has supported millions of jobs amid the pandemic, but with the support measure set to end in September, how can a...
View articleShift from BBL debt to equity could pose wider business implications Read More...
View article