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Plans to create UK supermutual

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10-25-2010, 06:21 AM

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Plans to create UK supermutual

The Observer newspaper has today reported that US private equity firm, JC Flowers, might bid for four UK building societies as part of plans to create a new “supermutual”, that could be sold via a partial flotation. It is believed that West Bromwich, Skipton, Norwich & Peterborough and Principality are being targeted. However, JC Flowers [...]

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