Lehman Brothers deal still a possibility

The Korea Development Bank may not want to be the sole owner of Lehman Brothers, but it is apparently willing to be part of a consortium. The AP reports that the governor of state-owned KDB has told reporters that discussions were under way "to form a consortium with private banks as [we] believe it is more desirable to acquire Lehman Brothers jointly rather than alone." So far, price still seems to be an issue. The official making the statements, Min Euoo-sung, was CEO of Lehman Brothers' South Korean operations until taking the helm of KDB earlier this year, the AP reports. It's unclear how a consortium-type deal would work. Obviously, they would have to appoint a management team. It's also unclear who would be part of such a deal. British papers have reported that China's CITIC Securities, as well as sovereign funds from Abu Dhabi and Qatar may be interested.

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