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Panmure Gordon continues expansion with broker acquisition

Stockbroker has been expanding aggressively since being taken over by Atlas Merchant Capital last year

Panmure Gordon has taken complete control of an online brokerage platform launched by two former Nomura bankers as it continues to expand under new owners.

Panmure has acquired the remaining stake in execution and prime services business PrimeXtend, a company in which it initially invested £2m  — for a 49% holding — in February 2017. Terms of the new investment were not disclosed.

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