Banking consortium takes over ENCE share

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After the takeover of a 24.99% share in the Spanish group ENCE (Empresa Nacional de Celulosa) by a consortium of banks comprising Banco Zaragozano, Bankinter and Caixa Galicia, the first phase in the privatisation process being undertaken by SEPI (Sociedad Estatal de Participaciones Industriales), ENCE’s state-owned ...

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