Abanca completed the acquisition of Targobank from Credit Mutuel.

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.