Spain Deploys Tax Weapon

Daily MailNovember 11, 2006

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Summary


THE Spanish are coming again. Bilbao firm Iberdrola, not a name which trips off the tongue, is utterly serious about wanting to buy Scottish Power.

Reports from Spain suggest that Iberdrola's associates in the Spanish financial community are not entirely at one.

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Extract


Spain Deploys Tax Weapon

Core shareholder, the construction group ACS with a stake of 10pc, is thought to be well disposed. But the savings bank Bilbao Bizkaia Kutxa with 7.5pc, is not thought to be enthusiastic.

It may be wondering why...

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