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Banco Popular Espanol to purchase 100% of TotalBank shares

Total Bancshares Corporation has announced that Spanish finance group Banco Popular Espanol has entered into an agreement to buy 100% of the stock in TotalBank for a total purchase price of $300 million in cash. The transaction has been approved by both boards of directors and is subject to regulatory approval in Spain and the US.
12 Jul 2007, 16:03 GMT