Investec to buy majority stake in Irish firm Neontar

Investec, the specialist banking group, is to take a majority stake in Neontar, the Irish corporate finance and wealth manager.

Investec, the specialist banking group, is to take a majority stake in Neontar, the Irish corporate finance and wealth manager.

Investec will pay around €32.35m for the controlling stake, which is being bought from a group of investors including Quinn Financial Services, and plans to extend the offer to all Neontar shareholders, with a view to securing 100% control.

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