N+1 Buys 51% of Brewin Dolphin’s Investment Bank, Expansion Says

N+1, a Spanish investment bank, purchased 51 percent of Brewin Dolphin Holdings Plc’s investment bank, Expansion said, citing N+1 Chairman Santiago Eguidazu.

The current management team of the London-based broker will hold 35 percent of the unit and Brewin Dolphin will keep the remaining 14 percent, the newspaper said.

To contact the reporters on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net;

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net.

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