Mar 17, 2017
Bob Diamond in deal to buy stockbroker Panmure Gordon
The former Barclays chief executive has made the offer through his Atlas Merchant Capital vehicle and QInvest, the Qataris' investment arm. QInvest already owns 43% of Panmure, which dates back some 140 years. The offer, which values Panmure at £15.5m, has been recommended by the board. Matthew Hansen, head of UK and Europe for Atlas, said there was a "Significant opportunity to enhance Panmure Gordon's strong reputation and build a larger, successful boutique investment bank". The deal will be regarded as a return to the City by Mr Diamond, who resigned from Barclays in the wake of the Libor rigging scandal in 2012.
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