Mubasher: Qatari QInvest and the personal investment firm affiliated to former Barclays CEO Bob Diamond agreed on purchasing the British stockbroker Panmure Gordon, according to Reuters.
Atlas Merchant Capital has reached an agreement with QInvest to value Panmure at around 15.5 million Sterling ($19.16 million), the agency added.
Reuters noted that if the offer succeeded, it will be the first participation for Diamond since he left Barclays in 2012 during the Libor interest rate-rigging scandal.
Qinvest already owns 43% of Panmure, which is a 141-year-old stockbroker and investment bank focused on small and mid-sized UK companies, Reuters reported.
Panmure Gordon recorded 4.1 million Sterling losses in 2015.
