Orey Antunes completes Banco Inversis deal
Portuguese Orey Antunes Group has bought 50% of Spain’s Banco Inversis two years after the deal was announced.
Orey Antunes paid €21.7m to conclude the acquisition, after receiving regulatory approval by the Comissão do Mercado de Valores Mobiliários (CMVM), the Portuguese market authority.
The 50% acquisition by the Portuguese firm was part of the deal with which Banca March bought the Inversis group back in 2013 for €217.4m.
Towards the end of 2014, Banca March announced the sale of Inversis’ private banking branch to Andbank for €180m.
While confirming the news, Banco Inversis was not available for further comments.