Mutua Madrileña Automovilista, Sociedad de Seguros a Prima Fija acquired additional 24.41% stake in Alantra Wealth Management, Agencia de Valores/Alantra Wealth Management Gestión, SGIIC, S.A. from Alantra Partners, S.A. for 16.6 million.
May 02, 2022
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Mutua Madrileña Automovilista, Sociedad de Seguros a Prima Fija acquired additional 24.41% stake in Alantra Wealth Management, Agencia de Valores/Alantra Wealth Management Gestión, SGIIC, S.A. from Alantra Partners, S.A. (BME:ALNT) for 16.6 million on May 3, 2022. Following this transaction, Grupo Mutua, which has also acquired an additional 1.8% from minority partners, will own 76.3% of the company, while 23.7% will be retained by the executives of the private banking business.
Mutua Madrileña Automovilista, Sociedad de Seguros a Prima Fija completed the acquisition of additional 24.41% stake in Alantra Wealth Management, Agencia de Valores/Alantra Wealth Management Gestión, SGIIC, S.A. from Alantra Partners, S.A. (BME:ALNT) on May 3, 2022.
Alantra Partners SA, formerly Nmas1 Dinamia SA, is a Spain-based company engaged in the investment management operations. The Company's activities are divided into three business areas: Investment Banking, Asset Management and Wealth Management. The Investment Banking division comprises two departments: Corporate Finance, providing merger and acquisition, capital markets, as well as debt and portfolio advisory, and Equities, offering financial research and brokerage services. The Asset Management division includes promotion, development and management of investment products. The Wealth Management division offers financial advisory to high net worth individuals (HNWI). Its investment portfolio comprises Teltronic, Secuoya, High Tech Hoteles & Resorts, Alcad and Probos, among others. The Company operates in Europe, Asia and the Americas.
Mutua Madrileña Automovilista, Sociedad de Seguros a Prima Fija acquired additional 24.41% stake in Alantra Wealth Management, Agencia de Valores/Alantra Wealth Management Gestión, SGIIC, S.A. from Alantra Partners, S.A. for €16.6 million.