LONDON: Bob Diamond is returning to London’s financial centre with a takeover of brokerage Panmure Gordon & Co to build a boutique investment bank.
The former Barclays Plc chief executive officer’s Atlas Merchant Capital and Qatari investment bank QInvest LLC agreed to take the 141-year-old stockbroker private for £15.5mil (US$19mil) in an all cash deal, according to a statement yesterday. QInvest already is Panmure’s biggest shareholder.
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