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Spain's Caixabank has launched a bid for BPI of Portugal, in which it already owns 44 per cent. But BPI's second largest shareholder has suggested an alternative. Lex's Alan Livsey and Oliver Ralph discuss possible combinations in the Portuguese banking sector.
► Lex: http://bit.ly/1I14JZF
► FT Markets: http://bit.ly/1J5HNd3
► Athens Wakes Up To Closed Banks: http://bit.ly/1BTT7GH
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