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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Lehm Bros Hldgs | NYSE:LEH | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Aug 2019 to Aug 2024
Germany's central bank Bundesbank has agreed to sell to private equity group Lone Star half of the EUR1.8 billion ($2.3 billion) worth of property loans left over from the collapse of Lehman Brothers Holdings Inc. (LEHMQ), the Financial Times reported Wednesday on its website, without citing its sources.
The two parties are also close to agreeing on the sale of the bulk of the remaining loans, the report said.
It is unclear how much Lone Star would pay, though the 40% discount it agreed for its previous real estate loan portfolio from Lloyds Banking Group PLC (LYG) would be a fair guide, according to the report.
The company is now negotiating finance with Citigroup Inc. (C) and Royal Bank of Canada (RY), the report added.
Lone Star declined comment, the report said.
Full Story: http://www.ft.com/intl/cms/s/0/55c10ddc-41e4-11e1-a586-00144feab49a.html#axzz1jrbXJArQ
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