SPAIN - Suma appoints new adviser

Ferrer-Salat replaces Antonio Masiá, former managing director of Privat Bank Degroof, which owns 60% of Suma. The remaineder is held by the management team through Wind Capital.

Suma's investments include parking lot technology business Parkare, the result of the merger of Mabc, Ibersegur and Alfia; engineering firm Auding; and e-learning company GEC.

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