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BoS opens door for sale

Bank of Scotland admits it is willing to consider bids for Australian bank BankWest, in which it has a majority stake.


The 56 per cent it has in the bank is believed to be worth up to £500m


The Edinburgh-based bank is currently involved a bidding war with the Royal Bank of Scotland for beleaguered National Westminster Bank.


A BoS spokesman says: “If an asset is more valuable to someone else, then we would sell it.”

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