Ord Minnett may sell to St George or nab

St George Bank is in talks to buy a majority stake in stockbroker Ord Minnett. The mooted investment values Ords at around $100 million. The talks are at an early stage and National Australia Bank has also expressed interest. US investment bank JP Morgan owns 30 per cent of Ord Minnett, and staff and directors the rest following a buyout of JP Morgan's control of the retail arm of Ords.

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