Spain
Aegon bows out of Spanish insurance joint venture
Sale will deliver gross proceeds of €177m
Why are wealth giants targeting Spain?
Barclays PB, Julius Baer and J Safra Sarasin have all recently bolstered their operations in the country
Management buyout at Europe-based expat advice firm
Deal ‘provides the momentum for executing new growth strategies’
EU rules against Spain overseas assets penalty regime
In most cases, fines were ‘more than 100% of the value of the assets in question’
BNP Paribas set to sell Spanish private banking arm for €100m
It is understood the French giant will retain 20% stake in the business