Update – second LBIE admitted claims auction – 15 July 2016
Further to the announcement published on the 15 June 2016 in respect of the second LBIE admitted claims auction (“LACA II”), LBIE is pleased to confirm successful take up of this offer with circa 100 creditors opting to participate. This represents an aggregate value of admitted claims of circa £130 million. Please be advised this offer is now closed.
Subject to final checking and diligence, the approximate pool size by admitted claim value is as follows:
| USD | 73m |
| EUR | 52m |
| Other | 5m |
Please note that any person wishing to register their interest as a prospective purchaser should do so by emailing lacabids@lbia-eu.com.
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Restructuring and Insolvency Partner, UK Head of Insolvency, PwC United Kingdom
Tel: +44 (0)7974 332659
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