BNL aims to buy its members.
The Broker Network plans to set up its own brokerage by acquiring its members outright. The netwo...
The Broker Network plans to set up its own brokerage by acquiring itsmembers outright.
The network is relaunching its Stakeholder scheme to allow it to buy up to
100% of member brokerages. Previously, the network could buy only 49% of
its members' companies. The acquired companies will retain their old
names, however, and the Broker Network has no plans to consolidate the
offices it buys.
Grant Ellis, chief executive of the Broker Network, predicted that the
network would have an interest in at
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