Jan 8 (Reuters) - Sociedade Comercial Orey Antunes SA : * Said on Friday it bought a 49.99999936 percent stake in Spanish investment bank Banco Inversis SA for 21.74 million euros ($23.7 million). * The acquisition reinforces SCOA’s investment in the financial area, provides competitive advantages on a global level, marking entry into the institutional investment market. * Banco Inversis has over 1 million client accounts and manages over 50 billion euros in assets. It had a solvency ratio of 23.3 percent as of mid-2015. Source text: here Further company coverage: ($1 = 0.9181 euros) (Reporting by Andrei Khalip)
Sociedade Comercial Orey Antunes has bought a 50% stake in Banco Inversis for €21.74m ($23.7m), as it looks to reinforce its presence in the financial sector and marking an entry into the institutional investment market. The bank will be able to offer clients access to their accounts via mobile phones or tablets using the bank's own app, which was launched last year.