Bob Diamond, the former Barclays chief executive, has teamed up with the investment vehicle of the Qatari royal family to launch a bid for Panmure Gordon, the lossmaking stock broker and investment bank.
Panmure, whose name dates back more than 140 years, is suffering like many mid-cap brokers from a number of structural challenges, including increased regulation, fewer deals and lower corporate retainers.
The deal, which is expected to be announced on Friday morning and was first reported by Sky News, may be viewed as a return to the City of London for Mr Diamond,
source http://www.omnipopmag.com/2017/03/16/diamond-joins-qataris-to-launch-panmure-gordon-bid/
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