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PACT WITH BANCO DE BILBAO GIVES SEMA-METRA DOMINANCE IN SPANISH MARKET

The Sema-Metra Group has won a dominant position in the Spanish computer consultancy and software engineering market following an agreement with Banco de Bilbao, which has agreed to pass over to Sema its direct and indirect holdings in GISA, General de Informatica SA, and its subsidiaries. The agreement also involves Sema-Metra establishing and implementing a strategic computing plan for the bank, which will get privileged access to anything appropriate that Sema develops. Sema plans to merge GISA with its Sofemasa Spanish subsidiary to create a group with 650 staff working out of 15 lo-cations and annual turnover of some $32.5m, making it the largest computer services firm in Spain.

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CBR Staff Writer

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