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Singapore, China giants mull Spain gas investment

Singapore state investment giant Temasek and Chinese oil group Sinopec aim to snap up a multi-billion-euro stake in Spain's Gas Natural, the Financial Times said Monday. The two groups had contacted Spanish oil firm Repsol separately to say they were interested in buying its 4.7-billion-euro ($6.4 billion) stake in Gas Natural, the paper said, citing people close to the process. Spanish company Repsol has a 30-percent stake in Gas Natural and wants to sell most of the investment so as to leave itself with a five percent share in the gas firm.

CaixaBank sells 3.7 pct stake in Inbursa to Mexico's Slim

Barcelona, Jun 7 (EFE).- Spain's CaixaBank has sold a 3.7 percent stake in Carlos Slim's Grupo Financiero Inbursa to the Mexican magnate's family for 387 million euros ($512 million). The sale of the stake to Inmobiliaria Carso netted the Barcelona-based financial institution a capital gain of 33 million euros ($43.6 million). In a regulatory filing, CaixaBank said it planned to sell off an additional stake through placements among Mexican and international investors, with an eventual goal of reducing its Inbursa holding to a minimum of 9 percent.

Spain's Caixabank Q1 net profit jumps to 335 million euros

MADRID (Reuters) - Spain's biggest domestic lender Caixabank on Thursday said its net profit jumped by 700 percent to 335 million euros (283 million pounds), boosted by purchases of smaller banks Banca Civica and Banco de Valencia which had a positive accounting impact. The bank also said its net interest income rose 12.3 percent to 992 million euros from a year ago. Its non-performing loans also rose to 9.4 percent at the end of March from 8.62 percent at the end of December.

Spain's Caixabank trims job cut target to 2,600

MADRID (Reuters) - Spain's third-biggest bank, Caixabank <CABK.MC>, has reduced planned lay-offs after talks with unions but still plans big job cuts as it tries to absorb a string of acquisitions. Barcelona-based Caixabank said on Wednesday it would make 2,600 of its 32,625 staff redundant, instead of the 3,002 it had originally targeted, and it will try to ensure all the cuts are through voluntary departures.

Spain's Caixabank says to cut around 3,000 jobs

CaixaBank, Spain's biggest bank as measured by assets under management, said Monday it plans to slash around 3,000 jobs as part of a restructuring. The Barcelona-based bank said the restructuring was needed following the purchase of smaller rivals Banca Civica and Banco de Valencia which has caused its staffing levels to soar. "The implementation of this restructuring will affect some 3,000 employees," it said in a statement. CaixaBank bought Banca Civica and rescued lender Banco de Valencia last year, although the latter has not yet been fully integrated.

URGENT ¥¥¥ Spain's Caixabank says to cut around 3,000 jobs

CaixaBank, Spain's biggest bank as measured by assets under management, said on Monday it intends to shed about 3,000 jobs as part of a restructuring of the sector. Tha Barcelona-based bank's net profit plunged 78.2 percent to 230 million euros ($312 million) in 2012 over the previous year as a result of having to make greater provisions to cover potential real-estate losses. ib/ds/hd
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