Select a page

Banking News

JB Were talking to Goldman on merger: reports

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.
East & Partners's avatar

Comment on this article


Your comments will not be published. Required fields are marked *


Please enter the word you see in the image below:


Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.