Announced
Completed
Financials
Sources
Tags
Private Equity
Single Bidder
Banks
Friendly
Majority
banking
Acquisition
Private
Spain
Domestic
Completed
Synopsis
Abanca, a banking services provider, completed the acquisition of Targobank, a bank, from Credit Mutuel, a private equity firm. Financial terms were not disclosed. "The purchase would consolidate ABANCA's presence throughout the Iberian Peninsula, by significantly reinforcing our activity in the Mediterranean arc, following our Strategic Plan," Juan Carlos Escotet Rodríguez ABANCA President.
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