UPDATE 1-Lazard profit beats estimates on higher M&A advisory fees

April 23, 2015 11:38 AM

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April 23 (Reuters) - Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit as a jump in corporate dealmaking boosted its M&A advisory fees.

M&A and other advisory fees for Lazard, the sole adviser for H.J. Heinz Co in its merger with Kraft Foods Group Inc, rose 9 percent to $260.8 million in the first quarter.

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