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Britannic leaves the door open

Britannic Assurance has left the door open over a possible bid for rival United Assurance.


In a statement yesterday to the stockmarket, Britannic said it would only pursue an offer for United Assurance if it was satisfied that it was in the interest of its own shareholders.


Ruling out a bid would have prevented the life office entering the takeover fray for its rival for another 12 months.

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