MoraBanc to acquire a majority stake in Tressis.

MoraBanc, a banking group, agreed to acquire a majority stake in Tressis, a wealth manager. Financial terms were not disclosed. "the Spanish market is key in our strategic plan and we are very proud of this operation. We incorporate into the Group one of the best private banking firms in Spain with an extraordinary prestige and level of service. Tressis is a reference of private banking to which we aspire: professionalism, service and closeness, to highlight some of the traits that best define it," Lluís Alsina, MoraBanc CEO.