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

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.