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Spanish Stocks - Elements To Watch On Tuesday

The following Spanish stocks could be impacted by newspaper reports and other aspects on Tuesday. Reuters has actually not validated the paper reports, and can not vouch for their accuracy:

SANTANDER

Spanish bank Santander has arised as the frontrunner to purchase a stake of as much as 50 percent in Italian bank Unicredits asset management division Pioneer, sources close to the matter told Reuters on Monday.

TELEFONICA

Mexico has actually gotten its first quote from a consortium to build a $10 billion state-owned mobile network. If effective, the state-owned network would help No. 2 mobile carrier Telefonica and third-ranked Iusacell to compete with Carlos Slims America Movil by offering them much better protection without needing to bear the expense of constructing the network.

SACYR, REPSOL

Spanish contractor Sacyr is taking a look at offering part of its Repsol stake before the end of the year to pay for more than 10 percent of its 2.3 billion euro financial obligation pile, Growth reported pointing out monetary sources.

POPULAR

Spanish lender Banco Popular said on Monday it had signed a. definitive arrangement to purchase Citis retail banking and. credit card company in Spain for 238.5 million euros.

FERROVIAL

The foreign-owned operator of a northern Indiana toll road. submitted for bankruptcy on Sunday as traffic fell short of the. forecasts that underpinned the 2006 groundbreaking offer to. privatize the highway.

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