TITLE

Lehman creditors at risk from value drop

AUTHOR(S)
Phillips, Mike
PUB. DATE
December 2008
SOURCE
EuroProperty;12/15/2008, p17
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the claims that the administrator of the $15 billion European property empire of Lehman Brothers Holdings Inc. could be unable to claw back any equity for creditors in Great Britain. PricewaterhouseCoopers LLP (PwC) stated that the value realisable from Lehman's European property assets would be less than the book value due to the large amount of secured debt used in its purchase. PwC noted that it had recieved 300 expressions of interest in the property assets.
ACCESSION #
36044479

 

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