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Sovereign Wealth Funds Briefing - Categorized | Investment

Dubai fund considered last-minute bid for Lehman

Posted on 15 March 2010

From Thenational.ae: Investment Corporation of Dubai (ICD), the sovereign fund that owns Emirates Airline, approached Lehman Brothers about an investment of up to US$4 billion (Dh14.48bn) just days before the US bank collapsed in 2008, according to documents released over the weekend.

The investment offer was part of Lehman’s last-gasp efforts to raise capital in an ultimately failed attempt to stay afloat……………………………………Full Article: Source

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