Santander Central Hispano, the Spanish bank, is likely to sell its €893m ($873bn) stake in Cepsa, Spain's second largest oil company, according to a new research report from UBS Warburg.

SCH is under pressure to unwind its strategic equity holdings due to its highly leveraged balance sheet and the impact of depreciating Latin American currencies on its reserves.

Santander Central Hispano set to dispose of Cepsa stake

Shanny Basar

Santander Central Hispano

Vodafone

Royal Bank of Scotland

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