Jefferies set to boost merchant banking war chest after beef sale

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Jefferies set to boost merchant banking war chest after beef sale

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Leucadia National Corporation, the holding company of Jefferies, has sold 48% of its beef business, all of its automotive equity interests, and changed the name of the company to Jefferies Financial Group — a set of moves which ought to free the firm to take advantage of merchant banking opportunities, while giving investors a clearer business to focus on.

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