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UK: OFT approves of deal between Barclays, ING Direct

 |  January 17, 2013

The Office of Fair Trading has reportedly approved for Barclays Bank to acquire some ING Direct assets without referring the deal to the Competition Commission. The acquisition will include ING’s retail savings and residential mortgange businesses that are based in the UK. A full report on the OFT’s decision was not immediately available.


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