EEMEA round up: Icelandic bank buys Wood & Co
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BANKING

EEMEA round up: Icelandic bank buys Wood & Co

Iceland’s Straumur-Burdarás investment bank has extended its international reach to central and eastern Europe with the acquisition of a 50% stake in Wood & Company, the Prague investment banking boutique house, for an undisclosed sum. Reykjavik-headquartered Straumur has an option to increase its holding to 100% no later than early 2011.

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