Lehman Brothers (LEHMQ.PK) is pushing ahead with plans to sell or list Archstone, the apartment company that it took private for $22 billion at the height of the property boom, the Financial Times said on Wednesday.

The current market ructions are complicating discussions about how to proceed with Bank of America (BAC.N) and Barclays (BARC.L), who also own sizeable stakes in the company, the FT said.

The newspaper cited people familiar with the matter as saying the banks were working on documents for an initial offering, which could be filed by the end of the month.

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