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Announced

Completed

MoraBanc completed the acquisition of a 51% stake in Banc Sabadell d’Andorra from Banco Sabadell for $77m.

Financials

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Transaction Value£56m
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Andorra

Acquisition

private banking

Banks

Friendly

Domestic

Private

Single Bidder

Completed

Synopsis

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MoraBanc, a bank operator, completed the acquisition of a 51% stake in Banc Sabadell d’Andorra, an operator of a private bank based in Andorra, from Banco Sabadell, a Spanish multinational financial services company, for $77m. “We are completing an acquisition that will bolster our growth and our commitment to what the future holds for Andorra. BSA is a robust and well-managed bank that will now be a significant asset of the MoraBanc Group in its value proposition to its clients," Lluís Alsina, MoraBanc CEO.

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