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City brokers Cenkos and FinnCap to merge in £43m deal
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City brokers Cenkos and FinnCap are merging in a deal that will create a new group valued at £43m and shows continued consolidation in the sector.
The new company will cover 210 clients and employ 230 staff, according to a statement announcing the transaction. It has £50m in combined revenue and £20m in cash on its balance sheet.
Julian Morse,...
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