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Announced

Bank of China to acquire Goodbody Stockbrokers for $170m.

Financials

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Transaction Value£132m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Majority

Acquisition

Diversified Financials

stockbroking

Ireland

Friendly

Private

Pending

Single Bidder

Synopsis

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Bank of China, the state-controlled Bank of China is set to acquire Goodbody Stockbrokers, a stock brokerage firm for $170m. The Competition and Consumer Protection Commission said in a post on its website that it was notified on Wednesday of the plan, which needs competition and regulatory approval. Bank of China is planning to carry out the deal through its UK unit.

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