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SAG sells 40 pct stake in Santander Consumer Portugal to Santander |
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LISBON (Thomson Financial) - SAG Gest SGPS said it has sold its 40 pct stake in Santander Consumer Portugal to Santander Consumer Finance. No financial details were disclosed. In 2005, SAG and Santander Consumer agreed to merge auto finance services in Portugal. SAG owned 40 pct of the joint venture, while Santander owned 60 pct. SAG said that it may team up again with Santander in the Brazilian market. 'The parties will continue exploring new collaboration possibilities, especially the Brazilian one, where both parties are interested in exploring the attractive growth potential,' SAG said in a regulatory filing. Portuguese holding company SAG Gest sells new and second-hand cars and is involved in maintenance, repairs and rentals. |
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'Electronic paper' edging toward reality |
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CAMBRIDGE, Mass. - "Electronic paper" has long been hyped as the future of newspapers and books, but products like e-books have been slow to take off. That may soon change, say executives involved in the pioneering technology. While Internet companies are scanning libraries of books and making them available online, E Ink Corp., which emerged out of the Massachusetts Institute of Technology a decade ago, is seeing a surge in orders for its portable, foldable displays that mimic conventional paper to carry such books. "Nine different companies launched products last year based on the technology," said Russell Wilcox, E Ink president. "In the last nine months we've gone from manufacturing tens of thousands of parts to millions of parts. |
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Vodafone to sponsor UEFA Cup Finals |
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LONDON (Reuters) - Mobile phone giant Vodafone Group said on Wednesday it had secured a three year deal to sponsor the UEFA Cup Finals and the UEFA Super Cup. Vodafone, which already sponsors the UEFA Champions League, said the new agreement would run until June 2009.
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