Four Spanish savings banks raise joint Azkar stake to 5 pct

Savings banks Sa Nostra, Caja Canarias, Caja Sur and Caja Extremadura have increased their joint stake in Transportes Azkar SA to 5 pct from a previous 3, according to a filing with stock market regulator CNMV.

The additional shares were acquired in the stock market by the savings banks’ investment vehicle Zoco Inversiones.

Basque savings bank BBK and Caja de Ahorros de Galicia also each hold 5 pct of Azkar.

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