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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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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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Portuguese Banks Drop to Lows on Spain, Greece: Lisbon Mover
Banco Espirito Santo SA, Portugal's biggest publicly traded bank, rose 2.9 percent to close at 49.6 euro cents after falling as much as 6.4 percent during Lisbon trading today.
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Asian Stocks, Oil, Yen Fall on Greek Talks, Japan Orders
Banco Espirito Santo SA, Portugal's biggest publicly traded lender by market value, sank 8.3 percent as first-quarter profit dropped 84 percent.
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Soccer Rulers Slam Player-Trade Investment as Outsiders Cash In
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. (BES). The bets on younger players, ...
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Rank Group, ING, Invensys, Vallourec: European Equity Preview
Banco Espirito Santo SA (BES PL): Portugal's biggest publicly traded bank by market value said it completed the purchase of 50 percent of the BES Vida insurance unit for 225 million euros ($291 million).
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European Stocks Drop as ECB Pauses Greek Bank Lending
Espirito Santo. Banco Espirito Santo SA (BES) dropped 9.4 percent to 48.2 euro cents, the lowest since at least April 1993.
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Tax case against Santander's Botin family dropped
According to the Spanish national court, Banco Santander's chairman Emilio Botin, his brother Jaime and 10 of their children have resolved the tax situation in a way �that can be considered correct and true�.
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Spain's Bankia Group Renegotiates $13 Billion of Assets
�It's a very big number and it's just for 2011,� said Juan Pablo Lopez, an analyst at Espirito Santo Investment Bank in Madrid, who rates Bankia a sell.
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