In addition to its purchase of bankrupt US investment bank Lehman Brothers' operations in North America, the UK's Barclays (NYSE: BCS) has also acquired Lehman Brothers Sudamérica, which operates out of Buenos Aires, and Lehman Brothers Uruguay, the company said in a press release.
The group's purchase of Lehman's assets, which includes fixed income, investment banking and private investment management businesses, was approved by a New York bankruptcy court on September 20.
"Employment offers have been made to all employees of the Lehman Brothers businesses that have been acquired by Barclays Capital," the statement reads.
Neither Lehman Brothers nor Barclays confirmed the plans for Lehman's other operations in Latin America, including São Paulo, Mexico City and San Juan, Puerto Rico, when contacted by BNamericas.
"In addition to the agreed transaction, Barclays Capital intends to immediately commence discussions with the relevant international regulatory authorities to acquire Lehman Brothers' similar operations outside North America, although there can be no assurances such international operations will be acquired," Lehman Brothers said in a statement last week.
While Barclays purchased the right to the Lehman Brothers name, the operations that are reopening will use the Barclays Capital name, according to the Barclays statement.
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