MILAN, April 10 (Reuters) - Italian investment bank Mediobanca will announce on Thursday the acquisition of a 66 percent stake in French merchant bank Messier Maris & Associes as it seeks to expand into private banking, a source close to the situation said.
The source did not disclose the financial details of the deal. Newspaper reports have given a valuation for the whole of the French merchant bank at 160 million euros ($180.4 million).
Set up by Jean-Marie Messier and Erik Maris at the end of 2010, Messier Maris & Associes has a team of about 50 staff spread across Paris, New York and London.
$1 = 0.8871 euros Reporting by Gianluca Semeraro; editing by Silvia Aloisi