A consortium within Merrion Stockbrokers led by its head of wealth management Shane Nolan and including fellow director Ivan Fox is believed to now be in pole position to buy the firm.
Davy Stockbrokers, Brewin Dolphin and Cantor Fitzgerald were the other bidders rumoured to be interested in buying Merrion.
Merrion's fund management arm has around €1 billion in assets under management and is believed to be the key attraction for any buyer.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team