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Report: Goodbody Stockbrokers in sale talks

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Report: Goodbody Stockbrokers in sale talks

Ireland-based Goodbody Stockbrokers and its majority owner, Irish financial services firm Fexco Holdings Ltd., are in early-stage discussions with several potential buyers that could lead to a partial or full takeover of Goodbody, The Irish Times reported, citing sources.

The news comes after a plan to sell Goodbody to a consortium of Chinese investors in a deal said to be worth about €150 million fell through, according to the May 18 report. In January, Goodbody's management and Fexco decided not to push through with the deal after the make-up of the Chinese consortium changed following the agreement, the newspaper noted.

Swedish lender Svenska Handelsbanken AB (publ), which is said to be considering acquisitions in Ireland's wealth management market, could reportedly be among the potential buyers.