Administrator of Lehman's European arm expects surplus

03/5/2014 | Reuters · Financial Times (tiered subscription model)

PricewaterhouseCoopers, the administrators of Lehman Brothers International Europe, expects to have about £5 billion to distribute after all unsecured creditors have been repaid. "Everybody who is owed anything will be repaid in full and we will still have about £5bn of surplus cash," said Tony Lomas of PwC.

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Reuters · Financial Times (tiered subscription model)

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