Article: Santander and Total are knocking heads over Spanish refiner.

Two of continental Europe's biggest companies -- French oil company Total and Spain's Banco Santander Central Hispano Americano -- are knocking heads over a joint holding in a Spanish refiner.The big Spanish commercial bank caught Total off guard on Friday with a [euro]1.2bn ($1.37bn) bid for a 16% stake in Cia. Espanola de Petroleos, or Cepsa, the Spanish oil refiner jointly controlled by the two companies. If successful, SCH would get a 36% stake in Cepsa, making it the second-largest shareholder after Total, which has a direct and indirect shareholding of 45.3%.

The bid pits Emilio ...

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