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L&G open to offers

Legal & General has confirmed it is still in the market for a financial services partner despite the abandonment of its proposed tie up with NatWest according to the Financial Times.


The life office says it still believes in bancassurance but only with the right partner.


Since Bank of Scotland threw the cat amongst the pigeons with its counter bid for NatWest, L&G says it has received a number of offers, but none of which would create value for its shareholders.


L&G denies it is under any pressure to find another buyer. It says it will now concentrate on building its market share within the UK.

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