Reuters- Lehman Brothers almost struck a deal with Korean financial institutions as part of raising $6 billion in capital, and may yet arrange one by the end of the year, the Financial Times reported on Wednesday, citing people familiar with the matter.
South Korean institutions viewed as potential partners for Lehman include Korea Development Bank KDB.L and a commercial bank such as Kookmin Bank the FT reported. Other potential investors include the Korean Pension Service and Korean Investment Corp, it added.
The discussions took place in the days before Lehman said on Monday that it would raise $6 billion in capital, mainly from big U.S. investors, the paper reported.
