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BNP trims holding in Spanish bank BBVA

Source: Reuters - Wed 21st Apr 2010

French bank BNP Paribas has reduced its holding in Spanish peer BBVA to 2.71 percent from 3.33 percent, according to a filing with the securities watchdog.

The French bank's stake in BBVA was worth 1.1 billion euros($1.48 billion) following the cut in its shares.

Shares in BBVA closed down 2.68 percent at 10.89 euros onthe Madrid bourse.

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