Announced
Completed
Financials
Tags
Majority
Andorra
Acquisition
private banking
Banks
Friendly
Domestic
Private
Single Bidder
Completed
Synopsis
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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