Acerinox, Telefonica Top Holdings of Spain’s Rich, Cinco Says

Stainless-steel manufacturer Acerinox, followed by telephone co. and pharmaceutical maker Almirall are biggest holdings in private investment funds run by Spain’s richest families, Cinco Dias reported. *Acerinox appears in six of 13 Sicav funds owned by families of Alicia Koplowitz, Juan Abello, Manuel Jove, Ramchand Bhavnani, Rosalia Mera and the Del Pinos, among others, newspaper reports, citing 1H investment filings *Spanish fortunes overall increased holdings in domestic stocks, with Bhavnani more than doubling his compared with 2H 2012, report says *13 funds held about eu1.5b at end 1H 2013, including foreign equities and other securities, Cinco Dias says.

To contact the reporter on this story: Todd White in Madrid at twhite2@bloomberg.net

To contact the editor responsible for this story: Timothy Coulter at tcoulter@bloomberg.net

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