Wednesday February 19, 2020

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

11th February, 2018
Stockbroker sold to Chinese group

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.

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