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Skandia puts in £210m bid for Bankhall parent Lynx

Skandia has put in an offer for Lynx Group, Bankhall&#39s parent company, saying it wants to “expand the depth and range of support services to IFAs in the UK.

Key Bankhall management will remain with the company and will own 14 per cent of the shares. The bid, announced at 7am this morning on the London Stock Exchange, is for £1.20 a share and values Lynx Group at £210 million.

Skandia executive vice president Alan Wilson says: “This acquisition is entirely in line with Skandia&#39s global strategy of expanding and deepening our co-operation with financial advisers.”

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