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NDFA opts out of race for Keydata

NDFA has withdrawn its interest to buy Keydata Investment Services.

The firm approached administrators PricewaterhouseCoopers earlier this week to express its interest in Keydata which was put into administration by the FSA on Monday.

It was provided with various documents and information and has decided to withdraw its interest and focus on organic growth.

Managing director Paul Bispham says: “We have given this opportunity careful consideration, but having reviewed the opportunity, we are happy to withdraw our interest. We wish the administrator well in its efforts to find an appropriate solution.”


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