Abanca to buy Ahorro Corporación Gestión

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AC Gestión will operate as Abanca’s asset management arm, it is understood. The asset manager currently offers 66 funds with total AUM of some €3bn.

Its flagship fund is AC Fondepósito, which manages above €1bn according to the group.

Financial Managers and Deloitte acted on the buyer’s behalf while KPMG assisted the vendor.

 

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