Chinese consortium buys Goodbody for €150 million

Goodbody is being acquired by Zhongze, a Chinese firm whose interests span electronics to aerospace, as well as Pioneer Century, a private equity firm, and CIC, China’s sovereign wealth fund

Goodbody senior staff to stay after deal

Goodbody, the country’s second-largest stockbroking firm, has beenacquired by a Chinese investment consortium in a deal understood to be worth about €150 million.

Goodbody is being acquired by Zhongze, a Chinese firm whose interests span electronics to aerospace, as well as Pioneer Century, a private equity firm, and CIC, China’s sovereign wealth fund.

The Dublin-based broker was 51 per cent owned byFexco, the financial services giant controlled by the McCarthy family, which bought ...