Mapfre seeks to boost asset management unit via acquisitions - Expansion

Mapfre SA

14/12/2023 10:17

Dec 14 (Reuters) - Spanish insurance company Mapfre
 MAP.MC  plans to boost its asset management unit through
acquisitions, Spanish newspaper Expansion said on Thursday,
citing the unit's Chief Executive Alvaro Anguita.
    Mapfre Asset Management seeks to buy rivals that would
strengthen its distribution network or boost its capacity to
increase funds under management, the newspaper said.
    The company's press office confirmed Anguita's comments.
    Mapfre Asset Management has more than 40 billion euros ($44
billion) in assets under management in Europe, according to its
website.
    ($1 = 0.9181 euros)

 (Reporting by Jakub Olesiuk
Editing by Inti Landauro and Mark Potter)
 ((jakub.olesiuk@thomsonreuters.com; +48 58 769 66 00;))