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Lehman Brothers steers BG to cheaper acquisition

Lehman Brothers, which last October helped UK-based BG Group negotiate the $388m (€438m) acquisition of Enron Oil & Gas India, has taken advantage of recent events to help the company shave a further $38m off the final price.

A spokeswoman for BG Group said that the initial negotiations took longer than expected, so the sale and purchase agreement expired in December.

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