JB Were talking to Goldman on merger: reports
(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.
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.
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