Market Beat:

Stockbrokers’ owner Fexco may have to sit tight and hope Covid-19 uncertainty wears off

This is the second time in 18 months that the sale of the Irish stockbroker to a Chinese group has collapsed

Firm was hired alongside international banks to sell €890m of bonds for Bank of China’s Hong Kong branch

Irish Life and Davy were among three short-listed bidders for the stockbrokers

Stockbroking firm being sold by Kerry-based Fexco which owns 51% of the business

A number of parties are said to be in talks that could see all or part of the company taken over

Stockbroking firm called off sale to Chinese consortium earlier this year

Roy Barrett to remain at Goodbody helm following takeover worth about €150 million

Rising regulatory and compliance costs will see wave of consolidation in finance industry

Deal comes as industry prepares for wave of consolidation

Planned sale of Investec Ireland to regulated bank in EU may help tackle Brexit challenges

Seen and heard: Goodbody sale puts its value at €150m and Lonely Planet pre-tax profits here hit €7.8m