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Egg hatches floatation plans

Egg has confirmed it plans for a partial stock market flotation later on this year in a bid to become more focused.


Egg parent Prudential says customers will be able to buy 15-25 per cent of the bank and hopes the flotation will value Egg at £2.75bn.


Egg has 940,000 customers and has taken £7.6bn in deposits in its 18 month history.


Egg chief executive Jonathan Bloomer says: “We want Egg to have the sort of focus you get from a public listing.”

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