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Goldman/JB Were talks continuing

Goldman/JB Were talks continuing

(Australia) - Negotiations on the long rumoured tie-up between blue-blooded Melbourne broking house JB Were and Goldman Sachs are continuing, according to JB Were Chairman Terry Campbell. JB Were's retail arm is believed to have been quarantined from the discussion, and Campbell ruled out mass staff redundancies if a deal was struck.

Goldman is believed to be negotiating to buy an initial 30 or 40 percent of JB Were, with an option to increase its stake in the future.
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