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Banks Battling European Debt Crisis Lose on African Deals
Credit Agricole SA and Banco Espirito Santo, Portugal's largest publicly traded bank, are among lenders that have reduced African activities as the world's largest oil and mining companies increase investments in Africa.
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Portugal's Asset Sales Draw Foreign Bids, Boutique Firms
As advisers on the sale of stakes in EDP and REN, Portugal hired state-owned Caixa Banco de Investimento SA and Perella Weinberg Partners LP.
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Soccer Rulers Slam Player-Trade Investment as Outsiders Cash In
May 31 (Bloomberg) -- Soccer's world and European governing bodies want to ban the purchase of stakes in player-trade rights, an investment that earned a 64 percent return on a single bet for a fund managed by Banco Espirito Santo SA. The bets on ...
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Bankia chief Rato steps down as Spain readies bailout
"This news seems, however, to be positive for the Spanish banking sector overall, because it seems that a cleanup at Bankia will take place with public money and not be paid (for) by other banks," said Maria Lopez, analyst at Espirito Santo. The ...
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Portugal airport privatisation moving forward
Credit Suisse Group, Barclays PLC, Citigroup and Banco Espirito Santo Investment are selected to run the airline sale that is expected to close by the end of 2012.
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Telefonica CEO Trapped With Telecom Italia Stake Faces Writedown
May 7 (Bloomberg) -- When Telefonica SA Chairman and Chief Executive Officer Cesar Alierta told investors in April last year that an alliance with Telecom Italia SpA would generate 1.5 billion euros ($2 billion) in cost savings, shareholders in the ...
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