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Ending an acquisition saga, FNZ has sold GBST to a private equity fund and will buy back only GBST’s capital markets division.
FNZ officials report that they have found a complicated, partial exit from their complicated acquisition of GBST, which was ultimately vetoed by a U.K. regulator, the Competition and Markets Authority (CMA). Known as a wealth management platform provider, FNZ has just announced that it has sold GBST to Anchorage Capital Partners, a global private equity...
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