Spanish investment firm Trea Asset Management has fully acquired Banco Madrid Gestión de Activos, according to a document released by Spanish market regulator’s Comisión Nacional del Mercado de Valores (CNMV).
Banco Madrid Gestión de Activos, managing some €1.2bn of assets, went into liquidation in 2016. The transaction has been approved by the CNMV.
Trea Asset Management is part of Trea Capital Partners which had assets under management of €2.8bn as at 31 January 2017.
Trea Capital Partners has offices in Madrid and Barcelona.