Tuesday, September 23, 2008

PwC Administrators Help Sell Lehman Europe to Nomura

As we blogged earlier, PricewaterhouseCoopers LLP are the joint administrators to Lehman Brothers International Europe (‘Lehman Brothers’), and today’s announcement on the PwC UK website and over all financial newswires generally is that the investment banking and equities businesses of Lehman Brothers are being sold to Nomura of Japan. The deal covers investment banking and equities in the Netherlands, Qatar, Dubai, Kuwait, the U.K., Italy, Germany and Sweden, but excludes trading assets or trading liabilities...

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