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Barclays completes £700m deal to acquire Tesco Bank

Summary by fintech.global
Tesco, a leading UK-based supermarket chain with an extensive digital and physical retail footprint, has confirmed the sale of its banking operations to Barclays in a deal valued at £700m. The deal was finalised alongside a new exclusive 10-year partnership aimed at enhancing Tesco-branded banking services, according to FF News. The acquisition enables Barclays to expand its UK footprint while leveraging Tesco’s strong retail brand. The agreemen…
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