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New Deal


Announced

Zhongze Group acquired Goodbody Stockbrokers from Fexco.

Synopsis

A Chinese consortium led by Zhongze Group, a Chinese investment holdings company, acquired Goodbody Stockbrokers, Ireland's longest established stockbroking firm, from Fexco, an Ireland-based financial services company focusing on bureau de change and payment card services. Financial terms were not disclosed. The deal is an endorsement of Goodbody's growth strategy of the last seven years with the support of Fexco and a signal of intent as it continues to build a market-leading business in Ireland and the UK. The financial investment now offers Goodbody new capital support to fast-track its entry into new markets and business lines.

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