Spanish insurer Mutua takes 50% stake in Alantra Wealth Management

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Spanish insurer Mutua Madrileña is acquiring a 50% stake in the private banking business of Alantra for €23.7m in a bid to strengthen its asset management business through clients portfolio but also through purchases. The current purchase's amount could increase to €30m depending on the degree of compliance with Alantra's 2018-2020 business plan. Mutua has explained that once the operation is complete, both the management team of Alantra Wealth Management and its parent company Alantra,...

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