Investment banks Cenkos and finnCap to merge in all-share deal -Sky News

Cenkos Securities

22/03/2023 19:59

March 22 (Reuters) - London-listed investment banks
Cenkos Securities  CNKS.L  and finnCap Group  FCAP.L  are in
advanced talks to merge in an all-share deal that will create
the City's biggest dedicated broker serving small-cap growth
companies, Sky News reported on Wednesday.
    The merger could be announced as soon as Thursday morning,
the report said, without adding further details on the deal.
    Both Cenkos and finnCap have similar market capitalizations,
at around 21.1 million pounds ($25.89 million) and 21.05 million
pounds, respectively, according to Refinitiv Eikon data.
    Cenkos and finnCap did not immediately respond to requests
for comment.
 ($1 = 0.8149 pound)

 (Reporting by Yana Gaur in Bengaluru; editing by Jonathan
Oatis)
 ((Yana.Gaur@thomsonreuters.com;))