Spanish insurer Mutua Madrileña takes 20% stake in Alantra's alternatives arm

Eugenia Jiménez
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Spanish insurer Mutua Madrileña takes 20% stake in Alantra's alternatives arm

Spanish insurance firm Mutua Madrileña Group has taken a 20% stake in Alantra Asset Management (Alantra AM) for €45m, money that will be destined to finance the growth plans of Alantra's AM division. The current price of the operation could go up to €11.2m more depending on future earn out, said Mutua in a statement. Alantra AM is the investment division of the global financial group Alantra that invests in alternative assets. The unit offers clients access to a broad offering of invest...

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Eugenia Jiménez
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Eugenia Jiménez

Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as Italy.