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.