MADRID — Venezuela’s Banesco bank will buy 88.33 per cent of nationalised Spanish bank NCG Banco for one billion euros ($1.34 billion), Spain’s bank restructuring fund FROB said. Banesco’s offer beat five rival bids in the privatisation tender for the lender based in the northwestern region of Galicia, the fund said in a statement. Under the deal Banesco, controlled by billionaire Juan Carlos Escotet, will buy two portfolios of written-off loans. Banesco will pay 40 per cent of Read more [...]
Venezuela’s Banesco Group will acquire control of NCG Banco SA for 1 billion euros ($1.37 billion) as Spain lines up buyers for banks rescued under last year’s European-funded bailout. Through its Spanish Banco Etcheverria unit, Banesco, controlled by billionaire Juan Carlos Escotet, will also buy two portfolios of written-off loans, Spain’s bank rescue fund said in an e-mailed statement yesterday. Etcheverria said in its own statement that its bid didn’t include any request for state aid. Read more [...]
Javier Guitin, catedrtico de biologa de vegetal de la Universidade de Santiago y anterior director de la Estacin Cientfica do Courel, ha estudiado la flora de la sierra desde principios de los aos ochenta. En la actualidad prepara dos obras divulgativas que se editarn el ao prximo. Una de ellas es un estudio sobre la presencia de la flora de la sierra en la obra del poeta Uxo Novoneyra y la otra, una extensa gua de las plantas de O Courel dirigida a un pblico no especializado. Read more [...]
Von JEANNETTE NEUMANN MADRID—Spanien ist bei der Privatisierung seiner verstaatlichten Krisenbanken ein großes Stück vorangekommen: Eine venezolanische Großbank hat mehr als 1 Milliarde Euro geboten, um die größte Bank der Region Galizien, NCG Banco, zu kaufen. Sie stach sechs rivalisierende Bieter aus. Branchenkenner hatten nicht mit einem derart deutlichen Kaufinteresse gerechnet. Bild vergrößern Read more [...]
Venezuela's Banesco bank will buy 88.33 percent of nationalised Spanish bank NCG Banco for one billion euros ($1.34 billion), Spain's bank restructuring fund FROB said Wednesday.Banesco's offer beat five rival bids in the privatisation tender for the lender based in the northwestern region of Galicia, the fund said in a statement.Under the deal Banesco, controlled by billionaire Juan Carlos Escotet, will buy two portfolios of written-off loans.Banesco will pay 40 percent of the price when the Read more [...]
Venezuela’s Banesco Group will buy NCG Banco SA for 1 billion euros ($1.37 billion) as Spain lines up buyers for banks rescued under last year’s European-funded bailout. Through its Spanish Banco Etcheverria unit, Banesco, controlled by billionaire Juan Carlos Escotet, will also buy two portfolios of written-off loans, Spain’s bank rescue fund, which is administering the sale, said in an e-mailed statement today. Its bid didn’t include any request for state aid, Etcheverria said in its Read more [...]
Source: GDA/AP Billionaire Juan Carlos Escotet said on his Twitter account today that he would... Read More Billionaire Juan Carlos Escotet said on his Twitter account today that he would maintain NCG Banco’s focus on the northwestern Galicia region and its workers. Close Open Source: GDA/AP Billionaire Juan Carlos Escotet said on his Twitter account today that he would maintain NCG Banco’s focus on the northwestern Galicia region and its workers. Venezuela’s Read more [...]

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…

MADRID—Últimamente, están llegando visitantes acaudalados a Galicia, la distante región española mejor conocida por su platillo de pulpo y su impresionante costa que por su atractivo para los inversionistas internacionales. La atracción se debe a que el mayor banco de Galicia, NCG Banco SA, se encuentra en una subasta que implica una de las batallas más aguerridas de ofertas desde el rescate del sistema bancario español que ocurrió el año pasado. Seis postores presentaron ofertas para Read more [...]

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