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Spanish Stocks - Factors to Watch on Monday

Source: Reuters - Mon 30th Aug 2010

The following Spanish stocks may be affected by newspaper reports and other factors on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:


Spain's Santander, the eurozone's biggest bank, said on Friday it had agreed to buy $4.3 billion of car loans from British bank HSBC for $4 billion.


The two energy companies are said to be prospecting for gas in waters off the costa del sol, nine kilometres from Fuengirola. Repsol is said to hold 60 percent of the company carrying out the work, with 40 percent with Gas Natural, according to La Vanguardia newspaper.


Insurance company Mapfre is set to launch a new affiliate concentrated on cheap insurance products, El Economista newspaper reported.

Separately, The Sunday Times newspaper said private equity firm Apax Partners is in talks with Santander over a joint bid for Allied Irish Banks' Polish unit Bank Zachodni WBK.

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