Dec
16
Investors Clamor For Spanish Banking Assets
Filed Under EN
MADRID—Big-money visitors have been turning up lately in remote, windswept Galicia, a Spanish region known better for its signature octopus dish and striking seaside than for its international investment appeal.
The attraction: Galicia’s largest bank, NCG Banco SA, is on the auction block in the hottest bidding battle since the bailout of the Spanish banking system last year.
Six bidders submitted binding offers to buy 88.33%…
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