Wednesday, May 23, 2007

Lazard to buy 50 percent stake in Argentina firm

(Reuters) - Terms were not disclosed. New York-based Lazard said it planned to rebrand the acquired entity MBA Lazard. It said the acquisition, together with the Brazilian joint venture Signatura Lazard, would give it coverage in all major financial markets in Central and South America.



Buenos Aires-based MBA also has offices in Uruguay and Panada, and since last year has had a joint venture, Altis-MBA, in Chile. Lazard said the MBA acquisition was subject to approval by the Central Bank of Argentina.


Read more at Reuters.com Mergers News

No comments: