Mutua Madrileña to acquire a 40% stake in Orienta Capital.

Mutua Madrileña, a Spanish insurer, agreed to acquire a 40% stake in Orienta Capital, an investment fund manager specialized in private banking. Financial terms were not disclosed. "The objective of Mutua is to lead the consolidation of the wealth management market in Spain and consolidate Mutuactivos as the number one independent entity in global wealth management," Ignacio Garralda, Grupo Mutua President.