Jove buys 4.9% stake in Spanish bank BBVA
Manuel Jove, the founder and former owner of Spanish property group Fadesa Immobiliare, has acquired a 4.9% stake in Spanish lender Banco Bilbao Vizcaya Argentaria (BBVA) for an investment of EUR 3.2 bn. The acquisition makes Jove the largest single shareholder in BBVA, Spain's seoond-largest bank.
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