NCB to be sold to Investec
UPDATE: NCB Stockbrokers' owners, mostly company personnel, have agreed to sell the business to Investec for an estimated €32 million
A deal has been agreed to sell NCB Stockbrokers, one of Ireland's best known brokerages, to the Irish arm of South African banking group Investec.
NCB owners, comprising a large number of its staff plus Quinn Financial services, will benefit from a deal worth an estimated €32 million.
The sale price was given at €4.35 million plus the net asset value of Neontar, the owner of NCB, currently said to be €28 million.
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