Banca March buys remaining stake in Inversis

Banca March has acquired the remaining stake in Spanish manager Inversis Banco.

After the acquisiton of a 49.99% stake from the Portuguese group Orey, the Spanish bank has become the sole owner of the asset manager.

The CEO of Banca March said the deal reinforces the bank’s commitment to develop the potential of Inversis bank.

Inversis, which is focused on the institutional area, has AUM of €60bn, which will increase to €90bn once the asset manager’s deal to acquire the Spanish subsidiary of RBC Investor & Treasury from Royal Bank of Canada is completed.

Alicia Villegas
Alicia Villegas speaks Spanish and Italian and is Iberia Correspondent for InvestmentEurope. She was shortlisted for the Rising Star Award at the British Media Awards 2017 and Writer of the Year at the PPA Independent Publisher Awards 2016. Previously, she worked for almost three years at the seafood business website Undercurrent News as a market reporter. In Spain, she also worked for more than five years for several media outlets.

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