Cinco Dias News
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The sight of Miguel Blesa, the former chairman of Caja Madrid, being driven to jail in a police van suggests Spain may be calling bankers to account after the nation needed European Union funds to bail out lenders.
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Novacaixagalicia, a Spanish savings bank group, may increase the amount requested from the bank rescue fund created by the Spanish government, Cinco Dias reported, citing unidentified people familiar with the matter.
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Spain’s Development Ministry has responded favorably to banks’ request for aid to prevent highway operators going bankrupt, Cinco Dias reported without citing sources.
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Banco Sabadell SA will continue to expand in the U.S. by way of purchases to be made when opportunities arise, Cinco Dias said, citing Chairman Jose Oliu.
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SOS Corporacion Alimentaria SA will change its name to Deoleo, Cinco Dias reported, without citing anyone.
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Mercapital SL plans to open an office in Colombia within four months, becoming the first Spanish private equity firm to set up in the Latin American nation, Cinco Dias reported, citing Chairman Javier Loizaga.
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A Spanish court ruled in a solar- energy fraud case that plants must have been producing power before Sept. 29, 2008, to receive the highest price available for electricity, Cinco Dias reported.
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Novacaixagalicia, a grouping of Spanish savings banks, is holding talks with 27 investors as it seeks to sell a 25 percent stake in its new bank, Cinco Dias reported, citing people at the company it didn’t identify by name.
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Spain may approve new energy taxes today designed to raise 4.3 billion euros to help cover the higher costs of generating low-carbon electricity and to avoid raising power prices directly, Cinco Dias reported.
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Grifols SA , Europe’s biggest maker of blood-plasma products, may stop paying dividends for a year if it acquires Talecris Biotherapeutics Holdings Corp., Cinco Dias reported today.
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