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 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures
The Daily Briefing
What’s coming up today and what you might have missed
The Daily Briefing
What’s coming up today and what you might have missed.
