Ersel completes majority stake acquisition in Banca Albertini

Ersel has completed the acquisition of 64.3% of Banca Albertini from the SYZ Group following regulatory approvals.

After receiving European Central Bank and Bank of Italy authorisations, Ersel and Banca Albertini have finalised such transaction, which had been previously announced in November 2017.

According the agreement, the remaining 37.5% will continue to be owned by Alberto Albertini in an operation that brings Ersel group’s assets under management to €18.5bn.

ABOUT THE AUTHOR
Eugenia Jimenez
Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as assisting with coverage of Italy. She holds a UK NCTJ- accredited Multimedia News Reporting course and studied Journalism at the University of Sevilla. She has worked for local media organisations in Sevilla and Málaga, mainly in broadcasting as a news reporter, among other roles. She has also worked for a local newspaper in Sevilla, reporting on current affairs, local government and culture.

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