Franco-German financial group in advanced talks to buy Paris-based Quilvest Banque Privee

Franco-German independent financial group ODDO BHF is in advanced negotiations to buy Paris-based Quilvest Banque Privee, which manages around $2.3bn) in assets, the companies said in a statement on 18 November. The takeover talks for Quilvest Banque Privee come as the private banking sector's smaller players seek mergers or acquisitions to compete with their bigger rivals. Since 2011, Quilvest Banque Privée has belonged to the Quilvest Wealth Management group, an independent group, which has several private banks in Paris, Zurich, Luxembourg and offices in Brussels, Ghent, Montevideo...