Leman Bothers is selling properties for 40 billions USD
Investment Bank Leman Bothers started negotiations for sale of its portfolio of property and papers relating to the property market at a cost of up to 40 billion dollars, informed Journal Financial Times. The financial company wants to improve its balance sheet. According to experts requested price is likely different with views of potential buyers.This was the reason that tis year the bank has proposed to take up to 5 billion dollars loss if the properties continue to get cheaper. If the sale of properties not give any effect, "Leman" may release department for commercial properties and to place on the exchange as a separate company. The pace hardly will recruit many new capital, but will increase confidence in the health of balance. In November last year the bank evaluate its portfolio of properties by 52 billion dollars.
Labels: Business News
posted by Zoritza Petrova @ 10:38 PM
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