As Banco Espirito Santo Tumbles, They Announce Baupost Stake

As Banco Espirito Santo SA (ELI:BES) tumbles today, a victim of the larger concerns regarding Portugal’s sovereign debt stability, the bank is announcing that Seth Klarman’s Baupost has recently acquired a 2.27 percent stake in the firm.

Espírito Santo International misses debt payments
On Tuesday Espírito . . .


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