Grupo Mutua continues acquisition spree taking 30% stake in EDM

Eugenia Jiménez
clock
Grupo Mutua continues acquisition spree taking 30% stake in EDM

Spanish insurer Grupo Mutua is taking a 30% stake in EDM with the possibility to increase it up to 51% by the end of the year.   The transaction, already approved by the respective board of directors but expected to take place in the first quarter of the year, also contemplates the option for Mutua to acquire an additional 21% by the end of 2019, thus raising to 51% its stake in the business. EDM, with over €3.7bn in assets under management, and offices in Barcelona, Madrid, Luxembourg ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login