Chinese sale values Goodbody at €150m
Fexco, which acquired 75 per cent of Goodbody in January 2011 in a deal worth €24 million, could clear €90 million from the sale
The sale of Goodbody Stockbrokers to Chinese investors will value the business at €150 million, including its €45 million stake in the Irish Stock Exchange.
Fexco, which acquired 75 per cent of Goodbody in January 2011 in a deal worth €24 million, could clear €90 million from the sale.
The Kerry-based financial services group, led by executive chairman Brian McCarthy, has already been repaid about €24 million in dividends from Goodbody, prior to the sale.
Subscribe from just 1€
Choose the subscription that is right for you
For the first month
€19.99 Monthly ThereafterSubscribe today
For the first year
€199.99 annually thereafterSubscribe today
For the first 90 days
€55.00 quarterly ThereafterSubscribe today
These offers are not available for current subscribers. Offers and pricing are subject to change without notice.
Terms & Conditions Apply