Dec
18
MADRID—A Venezuelan lender that bid more than €1 billion beat out three big Spanish rivals and three U.S.-based investment firms in an auction to buy a nationalized Spanish bank, the country’s bank-bailout fund announced Wednesday.
Banesco Grupo Financiero Internacional and its Spanish unit Banco Etcheverría SA offered to pay €1.003 billion ($1.38 billion) to buy NCG Banco SA, the largest bank in Spain’s northwestern region of…
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