(Australia) – Blue-blooded Melbourne broking house JB Were is reportedly in discussions with global giant Goldman Sachs on a full business merger.The reports, unconfirmed by either side, come after earlier reports that the 163-year old JB Were was also talking to European players Cazenove and Lazard on a looser alliance structure.
Analysts believe JB Were is worth between A$500-750 million.
The big attraction for Goldman Sachs is reported to be JB Were’s institutional broking operation.