Update - LBIE admitted claims auction – 4 May 2016
Further to the announcement published on the 4 April 2016 in respect of the LBIE admitted claims auction (“LACA”), LBIE is pleased to confirm successful take up of this offer with circa 260 creditors opting to participate. This represents an aggregate value of admitted claims in excess of £230 million pounds. 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 | 150m |
| EUR | 65m |
| Other | 15m |
Please note that any person wishing to register their interest as a prospective purchaser should do so by emailing lacabids@lbia-eu.com
Contact us
Restructuring and Insolvency Partner, UK Head of Insolvency, PwC United Kingdom
Tel: +44 (0)7974 332659
Follow us
