More than 1,000 creditors of the European operations of failed U.S. investment bank Lehman Brothers will share a $5.5 billion payout next week, its administrators said today..
The payout means the recovery so far for creditors from one of the banking collapses at the heart of the 2008 financial crisis is 68.5 cents in the dollar.
PricewaterhouseCoopers, joint administrators for Lehman Brothers International (Europe), said a dividend of 43.3 percent of what creditors were owed - the second so far - would be paid on June 28.
Read more: Lehman Europe creditors to get further $5.5 billion payout | Reuters
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