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Ibex35 non-financial companies hoard €40 billion in cash, cash equivalents

MADRID | Large Madrid-listed non-financial firms accumulate cash positions at year-end record, as data released Monday showed. A study by El País over the consolidated balance sheets of the 26 Spanish non-financial companies on the Ibex 35 unveiled that the corporations closed last year with €21.827 billion in cash and €18.344 billion more in cash equivalents. In total, €40.171 billion, to which it must be added undrawn credit lines. Spain’s most creditworthy companies,…