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Gartmore up for partial sale or merger

US giant Nationwide Mutual Insurance is reportedly planning to
merge or partially sell its subsidiary Gartmore just three years after
buying the fund manager for more than £1bn.
Nationwide is believed to have come to its decision, which may
involve a joint initiative with another UK fund manager, after
conducting a strategic view of Gartmore, which has £44bn under
management, earlier this year. It is not believed to be considering an
outright sale.

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