PRESS: Bank of Bahrain & Kuwait in talks to buy stake in Panmure - Sky

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The Bank of Bahrain & Kuwait BSC is reportedly negotiating to purchase a 20% stake in Panmure Liberum Ltd, Sky News reported on Monday.

According to sources cited by Sky News, the deal would value the broker at around £70 million.

The deal would deepen the relationship between the two institutions, which last year announced a partnership to combine Panmure's investment banking capabilities with BBK's Middle East client base.

Analysts cited by Sky News expect the partnership to lead to a greater influx of Middle Eastern companies onto the London equity markets.

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