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Bank of Scotland launches bid for NatWest

The Bank of Scotland has launched a £20.8bn takeover bid for National Westminster.


The announcement throws into doubt NatWest&#39s proposed takeover of insurer Legal & General.


If the deal goes through BoS says NatWest would remain a seperate unit and retain its name.


Following the offer, NatWest shareholders will hold approximately 68% of the merged bank


BoS said it would sell off non-core NatWest businesses. This could include its asset management arm Gartmore.

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