KDB confirms talks to buy Lehman stake

Korea Development Bank confirmed that it is in talks to buy a stake in investment bank Lehman Brothers Inc., hopefully as a member of an investment consortium. For the full story see TheDeal.com.

Continue reading below

Various press outlets reported that spokesmen at the bank's Seoul headquarters confirmed that KDB is in talks to take a stake in the troubled New York investment bank, but it is unknown how big a stake the South Korean bank is considering.

Other parts of Lehman Brothers may also be up for sale. There have also been reports that Lehman Brothers is considering selling its asset management business, including fund manager Neuberger Berman LLC. Potential buyers include private equity firms Kohlberg Kravis Roberts & Co., Hellman & Friedman LLC and Bain Capital LLC. The Wall Street Journal has also reported Lehman Brothers is considering the spinoff of its troubled real estate assets into a separate company as a way to soften the blow of falling asset prices. - Peter Moreira

Also see:
TheDeal.com's KDB confirms talks with Lehman
Dealscape's More job cuts at Lehman
Dealscape'sPE firms close in on Lehman's asset management unit
Dealscape's Lehman may create buyer for mortgage assets

Post a comment

Name:

Email Address:

URL:

Remember personal info?

Comments: (you may use HTML tags for style)

Please only click "Post" once. It may take a few moments to process.

Deal Video

	Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.
More video...

Elsewhere on The Deal.com

Dealwatch

• Confectioners: Cadbury, Hershey, more
• AOL
• Restaurants in the hot seat
• Ponzi schemes, fraud and other misdeeds

The Deal Magazine

• The kids are all right
• The search for auspiciousness
• Be true to your school
• Waiting to exhale

Corporate Dealmaker

• Dell drives in IT services as PC slump deepens
• Proxy prelim: CF wins Terra board seats
• Deal Economy 2010: Avaya's Ali on digesting Nortel
• Disney, Microsoft, Abbott Labs win M&A awards

The Deal Video

• Deal Economy 2010: Centerview's Effron on large deals
• Deal Economy 2010: Bove on Goldman's $500M donation
• Bove's top two candidates for BofA CEO
• PwC's Ross on divestments

Categories

• Bankruptcy
• Corporate restructuring
• Deal international
• Dealmakers
• Featured
• IPOs
• M&A
• Middle market
• Law & regulation
• Private capital
• Conferences
• Technology

Blog roll

• BloggingBuyouts
• BloggingStocks
• Dealbook
• DealBreaker
• Deal Journal
• FT Alphaville
• footnoted.org
• Going Private
• peHUB
• Reuters Dealzone
• SEC Investor
• Prince Of Wall Street
• Bankruptcy Bill
• Information Arbitrage

Archives

• November 2009
• October 2009
• September 2009
• August 2009
• July 2009
• June 2009
• May 2009
• April 2009
• March 2009
• February 2009
• January 2009
• December 2008
• November 2008
• October 2008
• September 2008
• August 2008
• July 2008
• June 2008
• May 2008
• April 2008
• March 2008
• February 2008
• January 2008
• December 2007
• November 2007
• October 2007
• September 2007
• August 2007
• July 2007
• June 2007
• May 2007
• April 2007
• March 2007
• February 2007
• January 2007
• December 2006
• November 2006
• October 2006
• September 2006
• August 2006
• July 2006
• June 2006
• May 2006
• April 2006
• March 2006
• February 2006
• January 2006
• December 2005