Announced
Financials
Sources
Tags
financial services
Single Bidder
Cross Border
Financial Data and Systems
Majority
Friendly
Private
Pending
Acquisition
Spain
Synopsis
Morabanc, a banking group, agreed to acquire 85% stake in Tressis, a wealth management and financial service company, for $59m. Andorra’s Morabanc is said to be launching in the Spanish market through the acquisition of fund platform Tressis, according to local trade publications Funds People and Expansión.
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